Chip Shortage Temporarily Shuts Down Some GM Factories
This article discusses how General Motors’ factories in Fort Wayne, Indiana; Wentzville, Missouri; Spring Hill, Tennessee; and Lansing, Michigan have been affected by a shortage in computer chips. General Motors, the parent company of GMC, Chevrolet, Buick, and Cadillac, will see a halt in production involving their “most profitable vehicles, including pickup trucks and SUVs.” A shortage of semiconductor chips has also put a devastating impact on the production of Toyota, Volkswagen, and Ford vehicles. GM stressed that the shortage of chips would “cost $1.5 billion to $2 billion in earnings before taxes this year due to lost production.” To read more about the shortage of computer chips and its impact on General Motors, click the link above!
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