GM more than halfway through shipping pickup trucks parked due to lack of chips-exec


FILE PHOTO: FILE PHOTO: The new GM logo is seen on the facade of the General Motors headquarters in Detroit, Michigan, U.S., March 16, 2021. REUTERS/Rebecca Cook

DETROIT (Reuters) - General Motors Co is more than halfway through shipping newly assembly pickups that it had then parked due to a shortage of semiconductor chips that prevented the No. 1 U.S. automaker from shipping the trucks, a top executive said on Friday.

"We've made great progress," Steve Cralisle, GM's North American chief executive said at the Reuters Events Automotive Summit. "We're a bit better than halfway through that at the moment and our goal would be to clear out our '21 model years by the end of the year. We'll have a bit of a tail of '22 model years into the new year but not for too long."

The global chip shortage has forced automakers like GM to idle production or in some cases mostly build vehicles and then park them until the necessary chips can be installed, allowing those vehicles to be then shipped to dealers.

(Reporting by Ben Klayman)

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 46
Cxense type: free
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights

   

Next In Tech News

Britain open to law to combat rise in online scams - minister
'Omicron' the cryptocurrency rides new variant rollercoaster
Russia fines Google 3 million roubles for not deleting banned content
Twitter CEO Jack Dorsey to step down - source
Russia says Twitter mobile slowdown to remain until all banned content is removed
US movie theatre chain offers free NFTs with ‘Spider-Man’ movie ticket purchase
‘Like the Stasi’: Cyber volunteers in India silence critical voices
Australia challenges Facebook to back anti-troll defamation law
Nissan plans 50% electric vehicle sales by 2030
Ministry: Over 100,000 have subscribed to Malaysian Family Youth, Family Device packages

Others Also Read


Vouchers