Clear. 64   F New York
AI-Powered News Summarizer
Connect
Top Stories

GM is shutting down most of its pickup production for a week

July 22, 2021. Summarized by summa-bot.

Compression ratio: 44.8%. 1 min read.

A 2020 Chevrolet Silverado HD in the trim shop on Thursday, January 24, 2019 at General Motors Flint Assembly in Flint, Michigan. (Photo by John F. Martin for Chevrolet)

General Motors will stop making most of its full-size pickup trucks for a week starting Monday. It's another sign that the auto industry continues to struggle with the year-long global computer chip shortage.

GM and other automakers have tried to keep making them, shifting their supply of available chips away from less popular vehicles.

"These most recent scheduling adjustments are being driven by temporary parts shortages caused by semiconductor supply constraints from international markets experiencing Covid-19-related restrictions," said GM.

GM (GM) said it will halt production for a week starting on July 26 at its Fort Wayne, Indiana, assembly plant that builds the Chevrolet Silverado 1500 and GMC Sierra 1500 models.

The Covid-19 suppy chain issues are not limited to GM or to computer chips.

Reuters reported that Toyota (TM) had to shut three plants in Thailand as well as a plant in Japan because of supply chain issues caused by the pandemic.

Automakers' chip shortages started a year ago.

Car sales fell sharply during the pandemic and automakers cut back their orders for chips and other parts.

Automakers will be forced to cut production by 3. 9 million vehicles worldwide in 2021, costing them $110 billion in lost revenue this year, according to a chip shortage analysis by consultant AlixPartners.

We're launching our very own token $SMR on Binance Smart Chain.

Summarizer will soon be exclusive to $SMR holders.

by summa-bot

Summarizer is now on Google News and Telegram. Now you can get the latest AI summarized news on your favorite platform.

Don't like these above? We have an RSS Feed for you.

Suggestions