By Dhirendra Tripathi

Investing.com – General Motors stock (NYSE:) fell 0.8% Friday as supply chain issues continued to drag its third-quarter delivery volumes by around a third.

Dealers delivered 446.997 U.S. vehicles during the third-quarter, an increase of 218,195 units over the same period last year. The reason for this was disruption in the semiconductor supply chain and the historically low inventory.

According to Covid, the reason for the decline was due to supply chain disruptions caused by Covid in Malaysia.

From America’s GM, to Germany’s Volkswagen and Japan’s (OTC:). Toyota (NYSE:) Every automaker around the globe has been affected by the lack of semiconductors. Pandemics have forced factories to close in China, Vietnam and Malaysia for long periods. It has also hampered supply chain stability and crippled production. Many companies have had to lower their production levels and reduce revenue.    

According to the company, dealer inventory including those in transit units was 128,757 units as of September 31, with the availability expected to increase during the current quarter.

GM announced this week that its North America full-size pickup trucks, full-size SUVs and mid-size pickup trucks are all operational.

Lansing Delta Township Assembly (Michigan), which produces the Buick Traverse and Buick Enclave, and Lansing Grand River Assembly (which builds the Cadillac CT4, CT5 or Chevrolet Camaro), will resume production on Monday, said the company.

GM stated that its financial outlook will still be in the guidance range for the calendar year as it works to reduce the impact of the Chevrolet Bolt EV recall and the semiconductor shortage.

On a net profit of $7.7-$9.2 trillion, the company anticipates that its annual profit per share will be $5.40 to $6.40.