Chip shortage forces more production cuts by GM, Ford – By Associated Press (FOX Business) / April 9 2021
The shutdowns likely will crimp dealer inventory of vehicles made at the plants
The global shortage of semiconductors has forced General Motors and Ford to further cut production at their North American factories as chip supplies seem to be growing tighter.
The shutdowns likely will crimp dealer inventory of vehicles made at the plants.
GM says it has managed to keep humming factories that make hot-selling and very profitable full-size pickup trucks and SUVs.
“GM continues to leverage every available semiconductor to build and ship our most popular and in-demand products,” the company said Thursday in a statement.
The chip shortage has already been rippling through various markets since last summer. It has made it difficult for schools to buy enough laptops for students forced to learn from home, delayed the release of popular products such as the iPhone 12 and created mad scrambles to find the latest video game consoles, such as the PlayStation 5.
CONTINUE > https://www.foxbusiness.com/markets/chip-shortage-forces-more-production-cuts-by-gm-ford
