{"id":120386,"date":"2021-04-08T14:58:47","date_gmt":"2021-04-08T14:58:47","guid":{"rendered":"https:\/\/precoinnews.com\/?p=120386"},"modified":"2021-04-08T14:58:47","modified_gmt":"2021-04-08T14:58:47","slug":"gm-extends-north-america-production-cuts-due-to-chip-shortage","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/markets\/gm-extends-north-america-production-cuts-due-to-chip-shortage\/","title":{"rendered":"GM extends North America production cuts due to chip shortage"},"content":{"rendered":"

(Reuters) -General Motors Co is extending production cuts at some of its North America factories due to a chip shortage that has roiled the global automotive industry, the U.S. carmaker said on Thursday.<\/p>

FILE PHOTO: Chevrolet Equinox SUVs are parked awaiting shipment near the General Motors Co (GM) CAMI assembly plant in Ingersoll, Ontario, Canada October 13, 2017. REUTERS\/Chris Helgren\/File Photo<\/figcaption>

The move\u2019s impact has been baked into GM\u2019s prior forecast that the shortage could shave up to $2 billion off this year\u2019s profit.<\/p>\n

GM\u2019s Lansing Grand River assembly in Michigan will extend its downtime through the week of April 26.<\/p>\n

The plant makes Chevrolet Camaro sports car and Cadillac CT4 and CT5 sedans. It has been out of action since March 15.<\/p>\n

GM\u2019s Spring Hill assembly in Tennessee will take downtime, starting the week of April 12 for two weeks. The plant makes the Cadillac XT5 compact sport utility vehicle, and Cadillac XT6 and GMC Acadia mid-size SUVs.<\/p>\n

The company said it has not taken downtime or reduced shifts at any of its more profitable full-size truck or full-size SUV plants due to the shortage.<\/p>\n

The news was first reported by CNBC.<\/p>\n

Following are GM\u2019s assembly plants impacted by the semiconductor shortage as of April 8:<\/p>\n

CAMI Assembly in Builds the Down since Feb. 8<\/p>\n

Ingersoll, Ontario Chevrolet through the week<\/p>\n

Equinox of May 10<\/p>\n

Fairfax Assembly in Builds the Down since Feb. 8<\/p>\n

Kansas Chevrolet through the week<\/p>\n

Malibu and of May 10<\/p>\n

Cadillac XT4<\/p>\n

Lansing Grand River Builds the Down since March<\/p>\n

Assembly in Chevrolet 15 through the<\/p>\n

Michigan Camaro and week of April 26<\/p>\n

Cadillac CT4<\/p>\n

and CT5<\/p>\n

Spring Hill in Builds the Down the weeks of<\/p>\n

Tennessee Cadillac XT5, April 12 and April<\/p>\n

Cadillac XT6 19<\/p>\n

and GMC Acadia<\/p>\n

Lansing Delta Builds the Down the week of<\/p>\n

Township Chevrolet April 19<\/p>\n

Traverse and<\/p>\n

Buick Enclave<\/p>\n

Ramos in Mexico Builds the Chevrolet Blazer<\/p>\n

Chevrolet production down<\/p>\n

Blazer the week of April<\/p>\n

19. Production of<\/p>\n

the Chevrolet<\/p>\n

Equinox not<\/p>\n

impacted at Ramos<\/p>\n

Gravatai in Brazil Builds the Taking downtime<\/p>\n

Chevrolet Onix for the months of<\/p>\n

April and May<\/p>\n

Bupyeong 2 Assembly Builds the Operating at half<\/p>\n

in Korea Chevrolet Trax, capacity since<\/p>\n

Chevrolet Feb. 8<\/p>\n

Malibu and<\/p>\n

Buick Encore<\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

(Reuters) -General Motors Co is extending production<\/p>\n","protected":false},"author":3,"featured_media":120385,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23054],"tags":[],"yoast_head":"\nGM extends North America production cuts due to chip shortage - Pre Coin News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/precoinnews.com\/markets\/gm-extends-north-america-production-cuts-due-to-chip-shortage\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"GM extends North America production cuts due to chip shortage - Pre Coin News\" \/>\n<meta property=\"og:description\" content=\"(Reuters) -General Motors Co is extending production\" \/>\n<meta property=\"og:url\" content=\"https:\/\/precoinnews.com\/markets\/gm-extends-north-america-production-cuts-due-to-chip-shortage\/\" \/>\n<meta property=\"og:site_name\" content=\"Pre Coin News\" \/>\n<meta property=\"article:published_time\" content=\"2021-04-08T14:58:47+00:00\" \/>\n<meta name=\"author\" content=\"mediabest\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/precoinnews.com\/wp-content\/uploads\/2021\/04\/cnewsfotor1226-1.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"mediabest\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/precoinnews.com\/markets\/gm-extends-north-america-production-cuts-due-to-chip-shortage\/\",\"url\":\"https:\/\/precoinnews.com\/markets\/gm-extends-north-america-production-cuts-due-to-chip-shortage\/\",\"name\":\"GM extends North America production cuts due to chip shortage - 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