GM raises forecast, says chip shortage not as bad as feared

GM raises forecast, says chip shortage not as bad as feared

3 years ago
Anonymous $LNMzUc6XNz

https://apnews.com/aead8f5440172f52bfe2ade010f7bb8e

DETROIT (AP) — General Motors says efforts to manage the global computer chip shortage have worked better than expected, so it's financial results will improve over previous forecasts.

The company says in a statement Thursday that it has made engineering changes, prioritized semiconductor use and pulled some potential deliveries into the second quarter. So now the first-half earnings will be significantly better than forecasts it issued earlier in the year.

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