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General Motors facing US$2 billion loss due to semiconductor shortage – CarAdvice
General Motors’ profits could fall by US$2 billion (AU$2.6 billion) in 2021, due to an ongoing international shortage of semiconductor chips. The Detroit-based…
General Motors’ profits could fall by US$2 billion (AU$2.6 billion) in 2021, due to an ongoing international shortage of semiconductor chips.
The Detroit-based automotive conglomerate made the grim predictions during an offical statement, following the release of its fourth quarter 2020 earnings report.
CEO Mary Barra (shown below with US President Joe Biden) said production of full-size SUVs and pickups would be largely unaffected by the developments, however noted the impact on passenger vehicles…
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