While commodities markets panic over record crude oil prices that hit $70.80 per barrel Monday, General Motors Corp. is forecasting prices will settle in around $50 per barrel for the next couple of years. “Our current assumption is we will come off the $67-$68 a barrel price points we’re at, but we are assuming during the next couple of years we could be above $50 a barrel,” Paul Ballew, GM general director-global sales and industry analysis, says during a presentation to securities ...
Premium Content (PAID Subscription Required)
"GM Calm Regarding Gas Prices" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
Current subscribers, please login or CLICK for support information.