General Motors (GM) GM files lawsuit against San Francisco
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Deutsche Bank expecting softer auto sales in December
December 29, 2023 10:31 AM ESTDeutsche Bank released their sales preview for the month of December, with analysts suggesting the US light vehicle SAAR may come close to the 15.3-million-unit mark. This projection reflects a slight decrease from November's 15.5 million but significantly surpasses December 2022's figure of 13.6 million. They estimate a YoY increase of approximately 7% in total sales, with retail unit sales rising by 6% and fleet sales experiencing a 15% increase compared to the previous year.
As the sales recovery continues, truck sales have shown a slight YoY increase, reaching... More
GM sues San Francisco, seeking $121 million in back taxes, penalties
December 27, 2023 6:24 PM ESTBy Greg Bensinger
SAN FRANCISCO (Reuters) - General Motors has sued the city of San Francisco, seeking to recover more than $100 million, alleging that it was charged a higher tax bill than warranted because its Cruise self-driving car unit was improperly used to make the calculations.
In the case filed in California Superior Court in San Francisco, GM is seeking $108 million in back taxes over the course of seven years, as well as $13 million in penalties and interest, according... More
