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More than 120 brands sold EVs in China in 2023 compared with about 60 in the US — putting into perspective just how much competition there is for GM and other ... that create parts for other ...

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"Our results were below our expectations," CEO Will Stengel said. Genuine Parts is facing two main demand challenges. The biggest is that industrial production activity is lagging in the core U.S ...

Genuine Parts had a surprisingly weak Q3, and management telegraphed more struggles ahead. Sales will likely remain pressured until there's a rebound in industrial production in the U.S. market.

Genuine Parts reported weaker Q3 results ... In Q3, the company's gross margin improved by 61 basis points. GPC GM achieved 36.8%. On a negative note, SG&A expenses increased due to M&A development.

Genuine Parts, which sells automotive and industrial replacement parts, dropped 21% for the largest loss in the S&P 500 after its profit for the latest quarter fell well short of expectations. CEO ...

Copyright 2024 The Associated Press. All Rights Reserved. FILE - A 2024 Chevrolet Silverado 2500 HD Custom truck is shown at the Pittsburgh International Auto Show in ...

Weakness in international markets weighed on the results of auto parts distributor Genuine Parts ... General Motors (GM) shares surged 9.8% following the carmaker's third-quarter earnings report.