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GM increases impact of chip shortage to 200,000 vehicles in 2nd half

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General Motors Co. Chevrolet Traverse sports utility vehicles (SUV) sit on the assembly line at the company’s Lansing Delta Township Assembly Plant in Lansing, Michigan, on Friday, Feb. 21, 2020.

Jeff Kowalsky | Bloomberg | Getty Images

General Motors‘ vehicle sales and production will be hit harder by the global chip shortage during the second half of the year than it previously expected, its finance chief said Friday.

The shortage will cut GM’s wholesale deliveries by about 200,000 vehicles in North America during the second half of the year compared with the 1.1 million it delivered in the first half of the year, CFO Paul Jacobson said during an RBC Capital Markets conference. That…



Source cnbc.com

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