General Motors Co. is more than halfway through shipping newly assembled pickups that it had parked due to a shortage of semiconductor chips, a top executive at the No. 1 U.S. automaker said on Friday.
“We’ve made great progress,” Steve Carlisle, GM’s North American chief executive, said at the Reuters Events Automotive Summit. “We’re a bit better than halfway through that at the moment and our goal would be to clear out our ’21 model years by the end of the year. We’ll have a bit of a tail of ’22 model years into the new year but not for too long.”
The global chip shortage has forced automakers like GM to idle production or in some cases mostly build vehicles and then park them until the necessary chips can be installed, allowing those vehicles to be then shipped to dealers.
Last month, GM Chief Financial Officer Paul Jacobson cautioned that GM’s third-quarter wholesale deliveries could be down by 200,000 vehicles because of chip shortages. He did not break out what share of that was trucks.
Click here to read the full report from Ben Klayman in Reuters.
