GM sales rise 1 percent despite safety recalls

Associated Press |

DETROIT (AP) — General Motors says its U.S. sales rose 1 percent in June despite a record-setting string of safety recalls.

Sales were led by the Buick Encore small SUV, up 82 percent. The redesigned Chevrolet Tahoe big SUV also had a strong month with sales almost doubling.

GM sold more than 267,000 vehicles for the month.



GM has recalled nearly 29 million vehicles this year as it reviews years of safety problems. The string began in February with the recall of 2.6 million small cars with faulty ignition switches. GM admitted knowing about the problem for 10 years but it failed to recall the cars until this year.

The website Truecar.com is predicting that total U.S. sales will rise 1 percent in June. All automakers are scheduled to report sales on Tuesday.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer

Companies

Symbol Name Price Change % Volume
TPHIF Top Frontier Invst Hldgs 5.15 0.00 0.00 90

Comments

Emerging Growth

Broadway Gold Mining Ltd.

Broadway Gold Mining Ltd is engaged in the exploration of mineral resources. The Company owns a 100% interest in the Madison Gold and Copper Mine located in Southwestern Montana.

Private Markets

8tracks

Our mission is to be the best place for people who care about music to create and discover thoughtfully curated playlists. In essence, 8tracks is a platform for online mixtapes.

Almond Smart Home Router by Securifi

Securifi sells user friendly touch screen routers that also have support for IoT/home automation.Securifi’s Almond revolutionized wireless router setup with its easy to use Touchscreen Interface in 2012. Now our…