General Motors Stock Halted, Edge Higher On Q2 Chip Shortage Hit

ByLois C

Jul 8, 2022 , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

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Typical Motors  (GM) – Get Standard Motors Business Report cautioned Friday that chip shortages and provide chain disruptions direct to creation delays that impacted all-around 100,000 automobiles, but reiterated its whole-year profit forecasts.

GM stated the 96,000 automobiles, which sit in the group’s broader stock, ended up lacking certain parts that will hold off their top sale. Still, GM stated second quarter U.S. sales ended up down 15.4%, even though that tally arrived in underneath the Street estimate of all around 17.1%.

By Lois C