GM Says Unfinished Vehicles to Harm Quarterly Outcomes

Common Motors Co. stated it couldn’t ship almost 100,000 autos within the second quarter as a result of it lacked laptop chips and different components, underscoring the supply-chain troubles that proceed to plague the automotive enterprise.

GM stated it constructed the autos principally throughout June with out semiconductors and different elements, and set the automobiles apart quite than delivery them to dealerships. The hit to its wholesale deliveries will harm second-quarter revenue, though GM stated it will be capable to end and ship the automobiles this 12 months and stood by its full-year revenue steering.

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