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Global chip supplies to stabilize, but at lower-than-desired levels By Reuters


© Reuters. FILE PHOTO. General Motors President Mark Reuss speaks about the Chevrolet 2021 Suburban, and Tahoe SUVs, Detroit, Michigan. The conversation took place on December 10, 2019. REUTERS/Rebecca Cook

DETROIT (Reuters) – General Motors Co (NYSE:)’s president said on Tuesday the global supply of semiconductor chips will begin to stabilize but at levels below what the auto industry wants as it tries to rebuild vehicle inventories.

Mark Reuss, a representative of the Detroit Regional Chamber said that there would be some stabilization before the industry can get the quantity it needs. He spoke at a conference on Mackinac Island, northern Michigan.

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