General Motors Co on Tuesday reported a 7 percent fall in U.S. new vehicle sales for the first quarter, hit by declines in passenger car sales.
The No. 1 U.S. automaker said it sold 665,840 vehicles in the first quarter, compared with 715,794, a year earlier.American consumers have been abandoning traditional passenger cars in favor of more comfortable SUVs, although demand in recent quarters has also been weak for the more popular larger vehicles.
Sales of high-margin vehicles like Chevrolet Silverado pickup trucks and Chevrolet Suburban SUV fell during the quarter.Advertisement
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
North Korea nuclear, missile activity 'inconsistent' with denuclearisation: U.S. generalNorth Korea's activity on nuclear weapons and missiles is inconsistent with its pledge to denuclearize, the commander of U.S. forces in South Korea said on Wednesday. A summit between U.S. President Donald Trump and North Korean leader Kim Jong Un in Hanoi last month broke down over differences
Read more »
Exclusive: FAA to overhaul air safety oversight by July - US inspector generalThe acting head of the U.S. Federal Aviation Administration will tell a congressional panel on Wednesday that the agency’s oversight approach must ...
Read more »
General Electric in US$49 million settlement over Petters fraudGeneral Electric Co has reached a US$49 million settlement to end a long-running lawsuit over its relationship with Thomas Petters, the Minnesota ...
Read more »
US: Wall St opens higher, US-China trade talks in focus[NEW YORK] US stocks opened higher on Thursday, helped by gains in technology and consumer discretionary companies, while investors awaited more details on the progress in US-China trade talks. Read more at The Business Times.
Read more »
US economic adviser Kudlow says US ready to extend China talks by weeks or monthsWASHINGTON (BLOOMBERG) - The Trump administration is prepared to keep negotiating with China for weeks or even months to reach a trade deal that will ensure the world's second-largest economy improves market access and intellectual property policies for US companies, a senior American official said.. Read more at straitstimes.com.
Read more »
US jury says Bayer must pay US$81m to man in Roundup cancer trialA U.S. jury on Wednesday awarded US$80.9 million to a man who claimed his use of Bayer AG's glyphosate-based weed killer Roundup caused his ...
Read more »
US jury says Bayer must pay US$81 million to man in Roundup cancer trialA U.S. jury on Wednesday awarded US$80.9 million to a man who claimed his use of Bayer AG's glyphosate-based weed killer Roundup caused his ...
Read more »
Tesla will pay US$31,000 to settle US EPA hazardous waste claimsWASHINGTON: Tesla Inc will pay a US$31,000 penalty and purchase US$55,000 in emergency response equipment for a California city under a settlement ...
Read more »
US judge recommends partial ban on iPhone imports to USSAN FRANCISCO: A US trade judge ruled on Tuesday (Mar 26) that Apple had violated a Qualcomm chipmaker patent and said she would recommend banning ...
Read more »
Tariff, enforcement issues still hurdles to US-China trade deal: US ChamberChances are increasing for a deal to end the U.S.-China trade war, but negotiations this week are 'critical' to resolving stubborn differences ...
Read more »