General Motors faces cost increases and diverts shipments due to Iran war

7 articles · Updated · CNBC · Apr 28

GM reported $52,000 average vehicle transaction prices in Q1 and a 9.7% sales decline, with higher logistics and energy costs attributed to the Iran conflict.
The company is redirecting shipments of full-size pickups and SUVs from the Middle East to the U.S. and expects $1.5–$2 billion in additional commodity and freight costs this year.
Despite plunging consumer confidence and tighter inventories, GM executives say demand remains strong and they are offsetting costs through efficiencies, with no immediate supply chain shortages projected.

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