Business
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…
-
General20 hours agoThree players sin-binned as Australia win torrid second Test 14-4 over England to retain Ashes
-
Noosa News14 hours agoDo the Queensland government’s claims about the surgical waiting list stack up?
-
Noosa News12 hours agoClean-up begins in south-east Queensland after homes, cars damaged by giant hailstones
-
Noosa News10 hours agoSouthern NSW summer crops shrink amid water shortages