Consumer News: GM reports jump in car sales, Hertz emerges from bankruptcy and more!
CNN– Many consumers still buy cars, despite the global shortage of computer chips for cars. General Motors reported a 40% jump in sales in the second quarter from a year ago. The company also posted an increase of 7% from the first quarter of this year. Toyota sales increased 73% from a year ago and 14% from the first quarter.
Hertz emerged from bankruptcy just in time to take advantage of the rebound in travel across the United States. The car rental company announced that its bankruptcy was officially over after more than a year. Hertz filed for Chapter 11 bankruptcy in May 2020 and has sold more than 180,000 of its vehicles by the end of 2020, just as used car prices soar due to a shortage of new cars.
The roads and the skies should be busier than ever this July 4th. AAA says more than 635,000 Southern Carolinians are expected to travel for the holiday weekend. That’s an increase of over 35% from last year, amid the pandemic. Overall, more than 47 million Americans are expected to travel this Independence Weekend.
ABC NEWS – It’s grilling season, especially as this holiday weekend approaches. How do you know if your grill needs an upgrade? ABC’s Dierdre Bolton has the details.