September 20, 2021
Mary Barra, co-CEO of General Motors said last Friday that the largest U.S. automaker is making changes to its supply chain as it tries to deal with the ongoing semiconductor chip crisis that has led to significant production cuts.
GM has revealed that it is cutting production at six North American assembly plants because of the chip shortage. In early September, the automaker was forced to temporarily halt production at most North American assembly plants because of the shortage.
“As customer needs are shifting, we need more and more semiconductors,” Barra said, saying GM is looking for short-, medium- and long-term solutions to the shortage.
Last week, GM Chief Financial Officer Paul Jacobson reiterated the profit forecast for 2021, saying the business expected a “more stable year” for semiconductor shipments in 2022.
This week, the White House and the U.S. Commerce Department are planning to meet to discuss possible solutions to the chip crisis that has led to production cuts at automakers around the world.
For more information, view the original story from Reuters.
