General Motors is warning of extended plant shutdowns, as continued shortages of semiconductor chips impact its ability to build cars and trucks. The automaker had said back in early February that it would idle lines in four of its major manufacturing facilities, and warned that the cumulative impact of the silicon shortfall could amount to a $2 billion cut in earnings for the year.
As many in the industry have predicted, however, that delay alone wasn’t enough to ride out the storm.
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