GM says unfinished cars will hurt quarterly results
General Engines Co. said it could not deliver nearly 100,000 vehicles in the second quarter because it ran out of computer chips and other parts, underscoring supply chain issues that continue to plague the auto sector.
GM said it built the vehicles mostly in June without semiconductors or other components, and shelved the cars rather than shipping them to dealerships. The hit to its wholesale deliveries will hurt second-quarter earnings, although GM said it would be able to finish and ship the cars this year and was sticking to its profit forecast for the year. whole.