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."