GM Says Seeing Better Flow Of Semiconductors
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General Motors Co is seeing a better flow of semiconductors, and most of its assembly plants in North America are now back to running regular production, including Mexico, a GM spokesperson told Reuters in emailed comments.
“In fact, the week of November 1 represented the first time since February that none of our North American assembly plants were idled due to the chip shortage,” the spokesperson said.
GM’s third-quarter earnings were hit by a global semiconductor shortage and rising commodity prices, factors it has said it expects to continue until late 2022.
Questions & Answers
Q.Which regions are experiencing a better flow of semiconductors for GM?
Which regions are experiencing a better flow of semiconductors for GM?
GM is seeing an improved flow of semiconductors, particularly for its North American assembly plants. This includes plants in Mexico, which are now largely back to regular production schedules.
Q.When was the last time all North American assembly plants were fully operational?
When was the last time all North American assembly plants were fully operational?
The week of November 1st was the first time since February that none of GM's North American assembly plants were idled. This indicates a significant improvement in chip supply.
Q.What factors impacted GM's third-quarter earnings?
What factors impacted GM's third-quarter earnings?
GM's third-quarter earnings were negatively affected by the global semiconductor shortage and increasing commodity prices. The company expects these issues to persist until late 2022.
Reader pulse
Does this signify the end of chip shortages?
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