day : 04/03/2021 2 results

GM Believes Worst of Chip Shortage May Be Behind Them

Due to the recent semiconductor shortage, industries of every kind have been experiencing substantial delays in their manufacturing. Auto manufacturers, in particular, have been hit especially hard, with GM having to temporarily close down factories to ensure they had enough chips on hand. Despite these shortage-induced setbacks, GM executives believe that they may now be through the worst of it. During a Wolfe Research conference on Wednesday, GM CFO Paul Jacobson said that “over the last ...