Due to the global shortage of computer chips and other parts, General Motors is forced to build 95,000 vehicles in the second quarter without the use of specific components. it was done.
Detroit automaker expects most of the incomplete vehicles to be manufactured in June and completed and sold to dealers in aFriday filing with regulatorsdoing. Year.
Unsold vehicles reached 16% of GM's total sales from April to June. The company said on Friday that it sold more than 582,000 vehicles during the quarter, down more than 15% from a year ago. In a statement to
CBC News, the spokesperson said that is a small part of these vehicles and will be completed at a later date, and is reserved for Canadian dealers. Said that it has been.
The company reaffirmed its full-year net income outlook of US $ 9.6 billion to US $ 11.2 billion and pre-tax profit of US $ 13 billion to US $ 15 billion. For the first time, the company forecasts pre-tax sales of $ 2.3 billion to $ 2.6 billion in the second quarter. According to FactSet, this did not reach the analyst's estimate of $ 3.97 billion.
Since 2020, chip shortages have plagued automakers around the world, forcing many automakers to temporarily close their factories and reduce production. Due to the shortage, the supply of new cars in US dealer lots is limited to about 1 million units, but in a normal year it is always about 4 million units.
This has pushed prices to record levels and limited vehicle choices, but it has also been a big win for most automakers.
In a prepared statement, GM said production in North America has been relatively stable since the third quarter of last year, but short-term component turmoil continues.
"We are actively working with our suppliers to resolve issues when they arise to meet customer demand for our cars," the statement said. I am.
Most automakers predict that chip shortages will improve slightly earlier this year and supply will improve significantly from July to December.
GM shares fell only to $ 31.69 in a Friday morning deal after the filing was released.
