Ford, GM Profits Fall As Sales Drop Due To Chip ShortageThe global computer chip shortage cut into third-quarter profits at both Ford and crosstown rival General Motors, with both companies having to temporarily close factories, pinching supplies on dealer lots.
GM, Ford Halt Some Production As Chip Shortage WorsensThe global shortage of computer chips is getting worse, forcing automakers to temporarily close factories including those that build popular pickup trucks.
Despite Chip Shortage, GM Posts $2.8B Profit, Ups GuidanceDespite a computer chip shortage that temporarily closed some of its factories, General Motors made a healthy $2.8 billion net profit in the second quarter.
GM Halts Production For Most Full-Sized Pickups For One Week, Due To Chip ShortageGeneral Motors is pausing production on most of its full-sized pickup production due to the ongoing chip shortage.
Stellantis CEO Expects Chip Shortage To Drag Into Next YearThe leader of the world's fourth-largest automaker expects a global computer chip shortage that has cut vehicle production to last into next year.
Ford Cuts Production At 8 Plants Due To Chip Shortage CrisisFord Motor Company is calling for production cuts as the automaker grapples with the ongoing chip shortage crisis.
GM Raises Forecast, Says Chip Shortage Not As Bad As FearedGeneral Motors Co. says efforts to manage the global computer chip shortage have worked better than expected, so its financial results will improve over previous forecasts.
Automotive Chip Maker Says It's Nearly Recovered From BlazeA fire-damaged Japanese factory that supplies many of the auto industry's computer chips is producing about 88% of what it was making before the March blaze, its owner says.
As Chip Shortage Goes On, Cars Are Scarce And Prices Are UpA global shortage of computer chips has forced automakers to slash production. The result has been far fewer vehicles on dealer lots, just as the waning pandemic has fueled a pent-up consumer demand for cars, trucks, and SUVs.
Ford Posts Profit, Says Chip Shortage May Cut Production 50%Ford Motor Co. posted a surprising $3.26 billion first-quarter net profit on Wednesday, but the company said a worsening global computer chip shortage could cut its production in half during the current quarter.
Chip Shortage Forces Ford To Build Trucks Without ComputersThe company says the pickups will be held at factories for “a number of weeks,” then shipped to dealers once computers are available and quality checks are done.