sales for the first half of the year, placing it ahead of Volkswagen.
Toyota, which was the world’s biggest automaker last year, has not reported its first-half sales.
GM gained a tenth of a percentage point in global market share to 11.5%, as sales hits 4.85 million. That outpaced Volkswagen’s 4.7 million vehicles, up 5.5%.
GM posted an 8% sales increase in North America to 1.64 million vehicles, as market share rose from 17% a year ago to 17.2%. In GM’s International Operations unit, which includes China market, sales rose 7% to 1.92 million vehicles, with market share rising from 9.3% to 9.4%. But sales fell 6.5% in Europe.
Separately, Goldman Sachs raised its rating on GM’s stock Tuesday to “Conviction Buy,” up from “Buy.” The firm’s analysts said GM’s stock could hit $45 within the next 12 months, “driven by a global product story.”
GM shares slipped 32 cents to close at $36.18.
GM Media
GM gained a tenth of a percentage point in global market share to 11.5%, as sales hits 4.85 million. That outpaced Volkswagen’s 4.7 million vehicles
, up 5.5%.GM posted an 8% sales increase in North America to 1.64 million vehicles, as market share rose from 17% a year ago to 17.2%. In GM’s International Operations unit, which includes China market, sales rose 7% to 1.92 million vehicles, with market share rising from 9.3% to 9.4%. But sales fell 6.5% in Europe.
Separately, Goldman Sachs raised its rating on GM’s stock Tuesday to “Conviction Buy,” up from “Buy.” The firm’s analysts said GM’s stock could hit $45 within the next 12 months, “driven
by a global product story.”GM shares slipped 32 cents to close at $36.18.
GM Media
