GM Narrows Full-Year Outlook on Commodity and Logistics Costs
General Motors narrowed its full-year financial outlook, citing rising commodity prices and logistics costs. Executives pointed to record copper prices and elevated steel prices.
General Motors narrowed its full-year financial outlook as commodity prices and logistics costs rose, The Wall Street Journal’s Kelly Cloonan reports. On an earnings call with analysts, GM executives pointed to mounting pressure from record copper prices and elevated steel prices.