GM raises financial outlook as chip supply improves

GM's Fairfax plant in Kansas, which has been down since Feb. 8, builds the Chevrolet Malibu and Cadillac XT4. (GM)

June 03, 2021 01:06 PM

DETROIT— General Motors on Thursday said its second-quarter financial results will be "significantly better" than executives previously projected, citing improved supplies of semiconductors and additional workarounds it has found to deal with the shortage.

Featured Stories

Stacking tariffs add costs and uncertainty for auto suppliers

Stacking tariffs add costs and uncertainty for auto suppliers

March-Q1 U.S. auto sales: Key takeaways as tariffs neared

March-Q1 U.S. auto sales: Key takeaways as tariffs neared

Trade war casualty: Volvo to drop China-made S90 in U.S., cut incentives

Trade war casualty: Volvo to drop China-made S90 in U.S., cut incentives

Motorists want to be supported by tech, not nagged, according to new survey

Motorists want to be supported by tech, not nagged, according to new survey

Latest News

U.S. Senate version of ‘right to repair’ bill introduced

Stacking tariffs add costs and uncertainty for auto suppliers

GM to lay off 200 workers at all-EV plant as it adjusts production

Audi’s top-selling crossover expected to be unsellable in U.S. after Trump tariffs

Staying current is easy with newsletters delivered straight to your inbox.

See More in Manufacturing

Stacking tariffs add costs and uncertainty for auto suppliers

Live updates on tariffs: Volvo adjusts U.S. product plan

Tariffs to dent sales of U.S.-made vehicles in Canada, boost overseas imports

Magna opens new China headquarters in Shanghai

Staying current is easy with newsletters delivered straight to your inbox.