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…
-
Noosa News18 hours agoIncrease in extreme weather events poses ‘substantial risk’ to blood supplies, researchers warn
-
Noosa News8 hours agoAustralians tell ABC’s Your Say how they saw the second leaders debate
-
General22 hours agoGerman palliative care doctor with alleged ‘lust for murder’ accused of killing 15 patients
-
Noosa News12 hours agoManjimup engineer turns previously wasted avocados into liquid gold