GM CFO ‘increasingly confident’ company will hit 2021 earnings targets


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…


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