General Motors Co. (NYSE: GM) dealers delivered 446,997 vehicles in the U.S. in the third quarter of 2021, down 218,195 units or -33% from a year ago because of semiconductor supply chain disruptions and historically low inventories.
During the quarter, GM provided an update for investors that its wholesale volumes in North America in the second half of 2021 would be down about 200,000 units from the first half, largely because of supply chain disruptions in Malaysia caused by COVID-19, with most of the impact occurring during the third quarter.
GM’s financial outlook is still expected to be within the calendar year guidance range previously provided as the company continues to develop solutions to mitigate the impacts of the semiconductor shortage and Chevrolet Bolt EV recall. (Confirmed: General Motors to Recall more Bolt EVs at $1B Cost) Continue reading







Rolls-Royce ‘Boat Tail’ Makes Global Debut
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Rolls-Royce’s Coachbuild Boat Tail makes its global public debut tomorrow at the snobby (boogie?) Concorso d’Eleganza Villa d’Este* on 2 October 2021. The car will be unveiled at 11.30 local time on the Mosaic Lawn by Torsten Müller-Ötvös, Chief Executive Officer, Rolls-Royce Motor Cars, which is owned by BMW**. It will then be available for guests and journalists to view for two days before returning to the seclusion that have surrounded it since it was formally revealed in May 2021.
Boat Tail marks a retrograde moment in the archives of Rolls-Royce, “demonstrating the brand’s commitment to coachbuilding as a central part of its future direction and portfolio. It continues and accelerates a contemporary coachbuilding movement that began with Sweptail, the first Coachbuild Rolls-Royce of the modern era, which also made its first public appearance at Villa d’Este back in 2017.” Continue reading →