GM profit sinks as chip shortage takes toll
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2 min read . Updated: 27 Oct 2021, 06:08 PM IST - Auto maker says strong pricing, truck sales should help it hit high-end of 2021 profit forecast
Premium 2 min read . Updated: 27 Oct 2021, 06:08 PM IST General Motors Co.’s net profit dropped 40% in the third quarter compared with a year earlier as the computer-chip shortage dented factory output, illustrating that a parts crisis that emerged nearly a year ago continues to drag down car-industry earnings.
