General Motors Announces Lower Prices This Year For Vehicles

Good news for buyers of General Motor products, the company predicts lower prices this year.

GM’s net income rose 12% last year despite losing more than $1 billion when many of its plants were shut down by a six-week autoworkers’ strike.

The company predicts a small improvement this year even as it plans for lower vehicle selling prices due to increased discounts.

The Detroit automaker made just over $10 billion last year, up from $8.9 billion in 2022.