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


Updated at 2:26 pm EST

Standard Motors  (GM) – Get Basic Motors Firm Report cautioned Friday that chip shortages and offer chain disruptions direct to manufacturing delays that impacted close to 100,000 autos, but reiterated its complete-12 months revenue forecasts.

GM said the 96,000 vehicles, which sit in the group’s broader inventory, ended up lacking selected parts that will delay their ultimate sale. Still, GM reported 2nd quarter U.S. revenue have been down 15.4%, although that tally arrived in below the Avenue estimate of all over 17.1%.


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