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<blockquote data-quote="Weather Man" data-source="post: 16586961" data-attributes="member: 137766"><p><a href="https://seekingalpha.com/news/3668799-general-motors-extends-us-production-cuts-due-to-chip-shortage" target="_blank">General Motors extends U.S. production cuts due to chip shortage</a></p><ul> <li data-xf-list-type="ul">General Motors (<a href="https://seekingalpha.com/symbol/GM" target="_blank">GM</a> -1.2%) says it will <a href="https://www.reuters.com/article/us-gm-semiconductors-exclusive/gm-extends-vehicle-production-cuts-due-to-semiconductor-chip-shortage-idUSKBN2AV1QS" target="_blank">extend</a> production cuts at three North American plants and add a fourth factory to the list due to the global semiconductor chip shortage.</li> <li data-xf-list-type="ul">Importantly, the extended cuts do not change GM's forecast from last month that the chip shortage could cut up to $2B from earnings this year. The automaker also didn't back off CFO Paul Jacobson's comment last week that chip supplies should return to normal rates by the second half of the year.</li> <li data-xf-list-type="ul">Also in GM world today, Cruise is reportedly <a href="https://seekingalpha.com/news/3668732-cruise-eyes-autonomous-vehicle-startup-voyage" target="_blank">looking at autonomous vehicle startup Voyage</a>.</li> </ul></blockquote><p></p>
[QUOTE="Weather Man, post: 16586961, member: 137766"] [URL='https://seekingalpha.com/news/3668799-general-motors-extends-us-production-cuts-due-to-chip-shortage']General Motors extends U.S. production cuts due to chip shortage[/URL] [LIST] [*]General Motors ([URL='https://seekingalpha.com/symbol/GM']GM[/URL] -1.2%) says it will [URL='https://www.reuters.com/article/us-gm-semiconductors-exclusive/gm-extends-vehicle-production-cuts-due-to-semiconductor-chip-shortage-idUSKBN2AV1QS']extend[/URL] production cuts at three North American plants and add a fourth factory to the list due to the global semiconductor chip shortage. [*]Importantly, the extended cuts do not change GM's forecast from last month that the chip shortage could cut up to $2B from earnings this year. The automaker also didn't back off CFO Paul Jacobson's comment last week that chip supplies should return to normal rates by the second half of the year. [*]Also in GM world today, Cruise is reportedly [URL='https://seekingalpha.com/news/3668732-cruise-eyes-autonomous-vehicle-startup-voyage']looking at autonomous vehicle startup Voyage[/URL]. [/LIST] [/QUOTE]
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