General Motors employees work on the assembly line at the Fairfax Assembly & Stamping Plant in Kansas City, Kansas.
Jim Barcus for General Motors
General Motors CFO Paul Jacobson is “increasingly confident” the automaker will hit its earnings targets for the year despite a global shortage of semiconductor chips that’s forced several plant closures.
“This is a very volatile situation and it changes a lot. I still feel comfortable that the full year, we’ll be able to deliver the numbers we said we were because we’re thinking creatively,” he said Wednesday during a Bank of America conference.
GM had a “really solid” first quarter, led by strong consumer demand, according to Jacobson. He warned…
Source cnbc.com