Stock Groups

GM more than halfway through shipping pickup trucks parked due to lack of chips-exec -Breaking

[ad_1]

© Reuters.

By Ben Klayman

DETROIT, (Reuters) – General Motors Co. (NYSE:) has shipped more than half of its newly assembled pickups. It had previously parked them due to a lack of semiconductor chips. A top American executive stated Friday that the No. 1 automaker could not ship the trucks.

Steve Cralisle was GM’s North American chief executives, and he said that “we’ve made great strides,” at the Reuters Events Automotive Summit. We’re about halfway there at the moment, and we aim to finish our 21 model year by the end. The new year will bring us a little bit more ’22 model-years, but it won’t last too long.”

GM and other automakers have had to stop producing chips or, in certain cases, to build more vehicles before the required chips are installed.

Disclaimer Fusion MediaThis website does not provide accurate and current data. CFDs include stocks, indexes and futures. Prices are provided not by the exchanges. Market makers provide them. Therefore, prices can be inaccurate and differ from actual market prices. These prices should not be used for trading. Fusion Media is not responsible for trading losses that may be incurred as a consequence of the use of this data.

Fusion MediaFusion Media or any other person involved in the website will not be held responsible for any loss or damage resulting from reliance on this information, including charts, buy/sell signals, and data. Trading the financial markets is one of most risky investment options. Please make sure you are fully aware about the costs and risks involved.



[ad_2]