By means of Ben Klayman
DETROIT (Reuters) – Common Motors Co (NYSE:) stated on Tuesday it was once extending manufacturing cuts at 3 North American vegetation till no less than mid-March because of the worldwide semiconductor chip scarcity, whilst automobiles at two different factories would handiest be in part constructed.
GM, whose stocks dipped nearly 1% after the announcement, didn’t reveal the have an effect on volumes or say which provider and car portions have been suffering from the chip scarcity.
But it surely stated it could focal point on preserving manufacturing operating at vegetation development its highest-profit automobiles: full-size pickup vehicles and SUVs. GM stated it meant to make up as a lot misplaced manufacturing as conceivable as soon as the lack chip eased.
“Semiconductor provide stays a subject matter this is dealing with all of the trade,” GM spokesman David