The continuation of production cuts is happening across the automaker companies and one of the major ones hit is the GM amongst the others like Ford and Stellantis. The semiconductor shortage has been taking a toll and many of the main and best-selling models have been hit.
A recent development comes from the end of the Detroit-based global auto major General Motors, which has announced that its plant in Wentzville, Missouri will be halted for production during the period of March 29 to April 5. The halt on the Lansing, Michigan plant has been on since mid-March and it has been taking a toll for 2 weeks. The facility will have an increased down time owing to the shortages.
GM has been forecasted to drop by $2 billion in this year’s profit. While the company hasn’t revealed or confirmed it yet, these figures come from a third party. The volume that is affected too hasn’t been revealed by the auto giant. But the company is still claiming to make up the lost volume and production.
Models that are affected by the semiconductor chip shortage are:
GM’s plant in Luis Potosi, Mexico has been shut since February 8th and will resume at the beginning of April 5th, it has been a long time since the vehicles are shipped to the dealerships. Companies like Ram, did try to produce the vehicles without the electronic chips and actually waited for them to install and then ship them to dealerships. However, all of this is all adding up to the waiting periods of customers looking forward to getting their rides home.