GM is raising its 2023 guidance after reporting Q2 results that were up sharply year over year. Lebeaucarnews has the numbers.
The cost is a result of the automaker sharing costs with the companies for a recall of its Chevrolet Bolt EV models in recent years, which were previously expected to be paid by the LG companies.
Jacobson said the raise is a result of stronger-than-expected pricing, demand and capital discipline. A work stoppage would add to the auto industry's yearslong production problems results from the coronavirus pandemic and significant supply chain constraints such as semiconductor chips.
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