General Motors quarterly sales fell 15 percent as parts shortages persisted.

Jul 1, 2022
General Motors quarterly sales fell 15 percent as parts shortages persisted.

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Normal Motors stated on Friday stated its new-vehicle gross sales fell 15 % within the second quarter from a 12 months earlier as the worldwide scarcity of pc chips continued to restrict automakers’ manufacturing.

The corporate offered 582,401 vehicles and lightweight vans from April to June, in contrast with 688,236 in the identical interval a 12 months in the past.

G.M. stated its factories had been holding 95,000 autos manufactured with out sure electrical elements which might be in brief provide due to the chip scarcity. It plans to put in the elements after they grow to be accessible after which ship these autos to sellers.

“We are going to work with our suppliers and manufacturing and logistics groups to ship all of the models held at our vegetation as rapidly as potential,” stated Steve Carlisle, govt vp and president, North America.

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Supply- nytimes