GM reported today that its global revenues in the year 2020 dropped by 10.8% from 2019, to $122.5 billion, and by 16.7% from 2018, and by 21.5% from, well, 2014, because GM’s revenues have been dropping since 2014. Part of this long-term drop was a result of GM selling Opel/Vauxhall to Groupe PSA.
Ford reported earlier that its revenues in 2020 plunged by 18.5% from 2019, to $127.1 billion, thus maintaining its lead over GM that it had obtained when GM sold Opel, and by 20.7% from 2018, which had been Ford’s peak year. And Tesla’s sales in 2020 jumped by 28% to $31.5 billion:
GM’s global deliveries dropped by 11.5% to 6.8 million vehicles, the fourth year in a row of declines. Since 2016, its deliveries have plunged by 32%. Ford’s deliveries dropped by 22.6% in 2020 to 4.2 million vehicles, the third year of declines, and have collapsed by 37% since 2016. And Tesla’s deliveries jumped by 35.9% in 2020 to 0.5 million vehicles, the red line near the bottom:Tesla, GM, Ford Together in Ludicrous-Mode WTF Charts | Wolf Street