GM says rising gas prices have not impacted vehicle sales
CFO Paul Jacobson said weather and inventory levels affect sales more than fuel costs. Average US gas prices recently rose 27 percent to 3.72 dollars a gallon.
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General Motors Company has not observed a significant shift in vehicle sales following the recent surge in gasoline prices, according to the automaker's top financial executive. Chief Financial Officer Paul Jacobson stated on Wednesday that the company's performance in the first quarter was influenced more by external factors such as weather and inventory constraints than by the rising cost of fuel.
