0952 ET - General Motors CFO Paul Jacobson says global deliveries have been hurt this year by the company's decision to discontinue certain vehicle models, as well as a significantly smaller electric-vehicle market and tight dealer inventory, particularly near the beginning of the year. Global deliveries fell to about 1.43 million vehicles in the second quarter, down 7.2% from a year ago. Looking ahead, though, Jacobson says on a call with analysts that GM's efforts to onshore production, launch new vehicles models and expand its full-sized SUV capacity all stand to help the company grow revenue, gain market share and improve profitability in 2027. Shares rise 3%. (connor.hart@wsj.com)
(END) Dow Jones Newswires
July 21, 2026 09:53 ET (13:53 GMT)
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