Jump to content

MyCarForum Logo
Search
Magnifying glass

SEARCH

1

General Motors not doing so well in the first half of 2014

By Faiming_low on 26 Aug 2014 in Sales report

Attached Image General Motors (GM) is losing the battle to be the world's largest automotive brand. 2014 is well past the half way mark and with finanical statements tallied, it seems like GM has slid to fourth place with a gross revenues of $39 billion, slightly behind a fast-growing Daimler which chalked up $42 billion. In pole position is still Volkswagen, which reported a cool $68 billion while Toyota finished a close second at $62 billion. Sealing up the top five is Renault-Nissan at ($38.9 million)

With GM having endless recalls, it seems that most buyers are now shunting the brand. As of now GM has issued more than 45 recalls this year alone which in turn has affected almost 28 million cars around the world.. This meant that around $1.2 billion had to be factored into its second quarter earnings and it could get worse as the investigations continued.
 
Thankfully, the amount of revenue does not equate directly to the volume of cars produced. In terms of sales volume, GM came in third with 4.92 million units sold in the first half of 2014 while Toyota and Volkswagen did 5.1 million and 4.97 million respectively.
 

general motors, revenue and 1 more...

Viewed: 12,911 times

Related Blog Posts
Faiming_low
Written by Faiming_low
Since young, Fai Ming has always centered his life around cars. In fact his first word was 'car' and not 'mum' or 'dad'. Aren't kids cute?



  • 1
Fett Aug 26 2014 01:16 PM

Toyota sold 5.1 million units in 6 months? thats like 30,000 units a day!

  • 1
 
Car Makes

Please select a car make

Facebook Likes
   Featured Blog Post
Photo
Bloomberg has reported that luxury and performance brands have seen a massive increase in sales b...
POPULAR BLOG POSTS
Photo
Honda has unveiled its all new Honda Accord for the american market. It is set to go on sale in S...
Photo
Just when you thought the most extreme 911s couldn't get much faster, along comes the new 201...
Photo
Michelle Rodriguez is largely known for her badass, right-hand woman character to Vin Diesel'...
Photo
Honda has given its very popular crossover, the HR-V/Vezel, a new special edition. It gets news c...
Photo
What happens if you pour washer fluid into the engine? Here's your answer: Lots of goo-like s...
   Lifestyle Articles