On June 19, General Motors and Lockheed Martin announced a strategic collaboration to bolster the U.S. defense industrial base. On June 24, General Motors announced an additional investment of 3.5 billion reais ($674.88 million) in Brazil, expanding the company's commitment to Brazil's auto industry by 50%. This investment supports hybrid vehicle production and factory modernization. On July 1, General Motors' U.S. sales fell 4.2% year-over-year.
General Motors' second-quarter U.S. sales dropped 4.2% year-on-year, driven by falling demand for electric vehicles and the Chevrolet Silverado pickup, the company said.
Read the full storyGeneral Motors invests an additional 3.5 billion reais ($674.88 million) in Brazil, expanding its commitment by 50% to boost hybrid vehicle production and factory modernization.
The strategic alliance combines automotive mass-production expertise with defense technology to accelerate military delivery and strengthen industrial supply chains.