General Motors' Fourth-Quarter Sales Slump After Strike
General Motors (NYSE: GM) said that its U.S. sales fell 6.3% in the fourth quarter of 2019, after a nationwide strike against GM's U.S. factories left dealers short of key products. But pricing remained high, suggesting that demand for the automaker's latest vehicles hasn't abated despite the strike.
For the full year, GM's U.S. sales were down 2.3% from 2018. That result trailed the market: Overall U.S. light-vehicle sales fell about 1% in 2019, according to Automotive News.
The high points:
Source Fool.com
