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SVTPerformance's Chain of Restaurants
Road Side Pub
Frying Pan Into the Fire -- Chip Shortage
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<blockquote data-quote="Weather Man" data-source="post: 16714847" data-attributes="member: 137766"><p><h3><a href="https://seekingalpha.com/news/3785059-general-motors-reports-q4-sales-decline-of-43?source=content_type%3Areact%7Cfirst_level_url%3Amarket-news%7Csection_asset%3Amain" target="_blank">General Motors reports Q4 sales decline of ~43%</a></h3><p><a href="https://seekingalpha.com/symbol/GM" target="_blank">GM +6.29%</a>Jan. 04, 2022 11:04 AM ET<a href="https://seekingalpha.com/news/3785059-general-motors-reports-q4-sales-decline-of-43?source=content_type%3Areact%7Cfirst_level_url%3Amarket-news%7Csection_asset%3Amain#scroll_comments" target="_blank">6 Comments</a></p><ul> <li data-xf-list-type="ul">General Motors (<a href="https://seekingalpha.com/symbol/GM" target="_blank">GM</a> +4.3%) <a href="https://investor.gm.com/news-releases/news-release-details/chevrolet-silverado-and-gmc-sierra-deliver-gms-2nd-consecutive" target="_blank">reports</a> Q4 sales slipped 42.9% Y/Y to 440,745 vehicles due to semiconductor supply chain and low inventories issues.</li> <li data-xf-list-type="ul">Despite inventory pressure, the company reported Chevrolet Tahoe sales growth of 8%, Chevrolet Suburban +3%, Buick Envision +10%, Cadillac Escalade +2% and the Chevrolet Silverado MD+5% for the quarter.</li> <li data-xf-list-type="ul">For FY2021, the company delivered 2.2M vehicles, led by Cadillac Escalade sales growth of 65% Y/Y.</li> <li data-xf-list-type="ul">Enclave, Envision and Encore GX drove Buick sales up 10% Y/Y.</li> <li data-xf-list-type="ul">Fleet sales of full-size pickup trucks were up 10%.</li> <li data-xf-list-type="ul">Sales of GMC Yukon, Chevrolet Tahoe and Suburban were up a combined 26%t to more than 238,000 vehicles.</li> <li data-xf-list-type="ul">The automaker expects economic growth in the U.S. and improving semiconductor availability to help drive U.S. total light industry sales from around 15M in 2021 to around 16M in 2022.</li> <li data-xf-list-type="ul">“In 2022, we plan to take advantage of the strong economy and anticipated improved semiconductor supplies to grow our sales and share. We will also further strengthen our industry leadership in trucks and begin our drive to EV leadership in North America with the rollouts of the GMC HUMMER EV, Cadillac LYRIQ and the reveals of the Chevrolet Silverado EV and GMC Sierra EV", said Steve Carlisle, GM executive vice president and president, GM North America.</li> </ul></blockquote><p></p>
[QUOTE="Weather Man, post: 16714847, member: 137766"] [HEADING=2][URL='https://seekingalpha.com/news/3785059-general-motors-reports-q4-sales-decline-of-43?source=content_type%3Areact%7Cfirst_level_url%3Amarket-news%7Csection_asset%3Amain']General Motors reports Q4 sales decline of ~43%[/URL][/HEADING] [URL='https://seekingalpha.com/symbol/GM']GM +6.29%[/URL]Jan. 04, 2022 11:04 AM ET[URL='https://seekingalpha.com/news/3785059-general-motors-reports-q4-sales-decline-of-43?source=content_type%3Areact%7Cfirst_level_url%3Amarket-news%7Csection_asset%3Amain#scroll_comments']6 Comments[/URL] [LIST] [*]General Motors ([URL='https://seekingalpha.com/symbol/GM']GM[/URL] +4.3%) [URL='https://investor.gm.com/news-releases/news-release-details/chevrolet-silverado-and-gmc-sierra-deliver-gms-2nd-consecutive']reports[/URL] Q4 sales slipped 42.9% Y/Y to 440,745 vehicles due to semiconductor supply chain and low inventories issues. [*]Despite inventory pressure, the company reported Chevrolet Tahoe sales growth of 8%, Chevrolet Suburban +3%, Buick Envision +10%, Cadillac Escalade +2% and the Chevrolet Silverado MD+5% for the quarter. [*]For FY2021, the company delivered 2.2M vehicles, led by Cadillac Escalade sales growth of 65% Y/Y. [*]Enclave, Envision and Encore GX drove Buick sales up 10% Y/Y. [*]Fleet sales of full-size pickup trucks were up 10%. [*]Sales of GMC Yukon, Chevrolet Tahoe and Suburban were up a combined 26%t to more than 238,000 vehicles. [*]The automaker expects economic growth in the U.S. and improving semiconductor availability to help drive U.S. total light industry sales from around 15M in 2021 to around 16M in 2022. [*]“In 2022, we plan to take advantage of the strong economy and anticipated improved semiconductor supplies to grow our sales and share. We will also further strengthen our industry leadership in trucks and begin our drive to EV leadership in North America with the rollouts of the GMC HUMMER EV, Cadillac LYRIQ and the reveals of the Chevrolet Silverado EV and GMC Sierra EV", said Steve Carlisle, GM executive vice president and president, GM North America. [/LIST] [/QUOTE]
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