GM 3Q profit falls 40% to $2.4B as chip shortage dings sales
https://apnews.com/a76e60e022a4a43501657dc89c3fadc8
DETROIT (AP) — High prices for trucks and SUVs helped General Motors post a $2.4 billion third-quarter profit despite factory closures due to a shortage of computer chips and other parts.
But the profit was 40% lower than the $4 billion GM made during the same period last year as sales slumped and the company lost market share in the U.S., its most profitable country.
GM 3Q profit falls 40% to $2.4B as chip shortage dings sales
Oct 27, 2021, 12:27pm UTC
https://apnews.com/a76e60e022a4a43501657dc89c3fadc8
> DETROIT (AP) — High prices for trucks and SUVs helped General Motors post a $2.4 billion third-quarter profit despite factory closures due to a shortage of computer chips and other parts.
> But the profit was 40% lower than the $4 billion GM made during the same period last year as sales slumped and the company lost market share in the U.S., its most profitable country.