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GM says seeing better flow of semiconductors

Published 11/10/2021, 01:31 PM
Updated 11/10/2021, 01:37 PM
© Reuters. FILE PHOTO: The new GM logo is seen on the facade of the General Motors headquarters in Detroit, Michigan, U.S., March 16, 2021. REUTERS/Rebecca Cook/File Photo
GM
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(Reuters) - General Motors Co (NYSE:GM) is seeing a better flow of semiconductors, and most of its assembly plants in North America are now back to running regular production, including Mexico, a GM spokesperson told Reuters in emailed comments.

© Reuters. FILE PHOTO: The new GM logo is seen on the facade of the General Motors headquarters in Detroit, Michigan, U.S., March 16, 2021. REUTERS/Rebecca Cook/File Photo

"In fact, the week of November 1 represented the first time since February that none of our North American assembly plants were idled due to the chip shortage," the spokesperson said.

GM's third-quarter earnings were hit by a global semiconductor shortage and rising commodity prices, factors it has said it expects to continue until late 2022.

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