Ford, GM see strong US consumer demand for vehicles
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General Motors (GM) and Ford (F) executives comment on rebound of US consumer demand
June 15, 2023 2:39 PM EDTTop executives from General Motors (NYSE: GM) and Ford Motors (NYSE: F) commented Thursday that new vehicle demand from U.S. retail and commercial customers is outpacing expectations.
Their comments highlight an optimistic report released by The U.S. Commerce Department indicating a surprising increase in retail sales for May as a growing number of Consumers are purchasing vehicles and various other goods.
"If the consumer remains at this strength, we could significantly outperform what we said" about full-year performance, General Motors Chief... More
