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- Kamindu and Asalanka power Sri Lanka to 179 against West Indies
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- Spain send injured Yamal home 'to prioritise player's health'
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- Iraq walks fine line with pro-Iran factions to avoid war
- Race four abandoned after New Zealand breeze into 3-0 lead in America's Cup
- West Indies win toss, put Sri Lanka in to bat in first T20
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- Netanyahu tells UN to move Lebanon peacekeepers out of 'harm's way'
- Bangladeshi Hindus defy attack worries to celebrate festival
- Kiwis three up in America's Cup as Ineos pay for time penalty
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- Dominant England crush Scotland at Women's T20 World Cup
- Dropped: The rise and fall of Pakistan batting maestro Babar Azam
- Israel fights Hezbollah on the ground, pounds Lebanon from the air
- Sabalenka outlasts local hero Zheng to win third Wuhan Open title
- Bangladeshi Hindus shrug off attack worries to celebrate festival
- Former Pakistan captain Azam dropped for second England Test
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- Australia replace injured Vlaeminck with Graham at Women's T20 World Cup
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- China's Yin has 'goosebumps' as she romps to LPGA win in Shanghai
- Pakistan to re-use Multan pitch for second England Test
- Blair and King Charles hail Salmond's 'devotion' to Scotland
- Vietnam, China hold talks on calming South China Sea tensions
- SpaceX will try to 'catch' giant Starship rocket shortly before landing
- England captain Stokes in line for second Pakistan Test return
- Japan's former empress Michiko discharged after surgery: reports
- Japan's former empress Michiko discharged after surgey: reports
- Israel widens Lebanon strikes as troops fight Hezbollah along border
- Bowlers' graveyards: Pakistan's placid pitches under fresh fire
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- Vietnam, China to expand rail links, cross-border payments
- Americans get their belief back as Pochettino makes his mark
- Vietnam, China to boost economic, defence cooperation
- Winning start for Pochettino's American adventure
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- Colombia guerilla group urges delegations not to attend COP16 in Cali
- Pakistan frets over security ahead of SCO summit
- Ronaldo scores 133rd Portugal goal in Nations League win over Poland
- 40 nations contributing to UN Lebanon peacekeeping force condemn 'attacks'
GM rides 'strong demand' to grow US auto sales
US automaker General Motors reported Wednesday a jump in vehicle sales for 2023, citing robust demand in a year also boosted by easing supply issues.
The company logged sales of 2.6 million vehicles last year, a 14 percent rise from 2022, to hold on to its title of top US automaker.
Toyota, the second-largest auto seller in the country, sold 2.2 million vehicles in the past year, marking a seven percent increase, the company said in a separate statement.
GM's performance comes as it shakes off a hit from a six-week strike led by the United Auto Workers union, affecting the "Big Three" automakers, including Ford and Stellantis.
The strike mobilized some 45,000 union members at one point, before ending in late October.
In the fourth quarter last year, GM vehicle deliveries in the United States were virtually stable at 625,176.
"We grew our market share in 2023, maintaining strong pricing and low incentives," said GM senior vice president Marissa West.
West added that the company expects strong industry sales this year as well.
GM now claims a market share of 16.3 percent, slightly higher than a year earlier.
On Wednesday, it also highlighted a sharp rise in total electric vehicle sales, of nearly 76,000 units.
According to a recent Cox Automotive forecast, US auto sales for 2023 is expected to finish around 15.5 million units, up from 2022.
"The new-vehicle market has been supported by growing deliveries, improving supply levels and higher incentives," Cox said.
But Cox senior economist Charlie Chesbrough warned that "high vehicle prices and high interest rates remain the industry's Grinch," a trend expected to persist in 2024.
D.Cunningha--AMWN