Shares of General Motors Co. rallied Wednesday, after the automaker reported U.S. fourth-quarter and 2022 vehicle sales that rose from a year ago, as a big jump in electric vehicle sales provided a boost.
The company GM delivered 623,261 vehicles in the last three months of 2022, up 41.4% from a year ago. Among GM’s brands, Chevrolet sales jumped 43.3% to 413,560 vehicles, GMC sales grew 42.3% to 143,645 vehicles and Cadillac sales soared 74.8% to 39,135 vehicles, while Buick vehicle sales fell 6.5% to 26,921.
In EVs, Bolt EV and Bold EUV sales rose 53.5% to 38,120 vehicles, while Hummer EV Pickup sales jumped to 854 from 1 in 2021 and 122 Cadillac LYRIQs were sold versus none in 2021. Earlier Wednesday, Toyota Motor Corp. TM 7203 reported 2022 U.S. sales rose 9.6% to 2.11 million vehicles, while electrified vehicle sales fell 13.7% from a year ago to 504,016 vehicles.
This is a lie Evs were not the reason They finally got their shit together and made some gas powered trucks and suvs!!
Not me. Boondoggle extraordinaire.