GM Cutting Production in North American Plants
April 8, 2021—General Motors will temporarily close or extend current closures in North American plants due to the ongoing semiconductor shortage.
CNBC reports that the closures could lead to profit losses of $1.5 billion to $2 billion this year.
The affected plants include the Spring Hill, Tenn., facility, a Lansing, Mich., plant, and another in Mexico. Extended downtime was ordered at plants in Kansas and Canada.
Semiconductors are primarily used in infotainment, power steering, braking, and other tech-heavy systems.