GM joins the crowd of automakers cutting production over chip shortage

 

GM said it will cut production entirely during the week of Feb. 8 at plants in Fairfax, Kansas; Ingersoll, Ontario; and San Luis Potosi, Mexico. It will also run its Bupyeong 2 plant in South Korea at half capacity that week.

GM did not disclose how much volume it would lose or which supplier was affected by the chip shortage, but said the focus has been on keeping production running at plants building the highest-profit vehicles — full-size pickup trucks and SUVs as well as the Chevrolet Corvette sports car. GM said it intends to make up as much lost production as possible.

AutoForecast Solutions, which tracks production, estimated GM's combined lost volume would total almost 10,000 vehicles next week.

"Despite our mitigation efforts, the semiconductor shortage will impact GM production in 2021," GM spokesman David Barnas told Reuters in a statement.

"Semiconductor supply for the global auto industry remains very fluid," he added. "Our supply chain organization is working closely with our supply base to find solutions for our suppliers’ semiconductor requirements and to mitigate impacts on GM."

Read Full Story At msn.com >>