Name: GM extending shutdowns at three car and crossover plants due to chip shortage
Brand: cnbc.com
SKU: cnbc-com-99
Availability: OnlineOnly

critic

GM extending shutdowns at three car and crossover plants due to chip shortage

preview

Key PointsIn this article is extending temporary shutdowns at three assembly plants through mid-March due to a&nbsp;global shortage of semiconductor chips.The impacted plants are in Kansas; Ontario, Canada; and San Luis Potosí, Mexico. They produce the Chevrolet Malibu sedan and Buick Encore, Cadillac XT4, GMC Terrain, and Chevy Equinox and Trax crossovers.The shutdowns, which were initially supposed to last through this week, will be reassessed in mid-March. They're intended to ensure the company has enough semiconductor chips to produce its more profitable pickup trucks and SUVs."Semiconductor supply remains an issue that is facing the entire industry," GM said in a statement. "GM's plan is to leverage every available semiconductor to build and ship our most popular and in-demand products, including full-size trucks and SUVs and Corvettes for our customers."Ford CEO on the production impact of global chip shortagesCox Automotive says GM's supplies of the Malibu and crossovers are higher than what the industry typically considers "healthy," meaning the automaker can afford to cut production at the plants.&nbsp;Semiconductors are extremely important components of new vehicles for areas ranging from infotainment systems to more traditional parts such as power steering. They're also used in consumer electronics.Automakers and parts suppliers began warning of a semiconductor shortage&nbsp;&nbsp;after demand for vehicles rebounded stronger than expected following a two-month shutdown of production plants last spring due to the . this week was forced to cut production of its highly profitable F-150 pickup trucks due to the chip shortage. The company said it was not able to prioritize production of the pickups because they use unique chips compared with other models.Ford last week said the shortage could by $1 billion to $2.5 billion this year.

Key PointsIn this article is extending temporary shutdowns at three assembly plants through mid-March due to a&nbsp;global shortage of semiconductor chips.The impacted plants are in Kansas; Ontario, Canada; and San Luis Potosí, Mexico. They produce the Chevrolet Malibu sedan and Buick Encore, Cadillac XT4, GMC Terrain, and Chevy Equinox and Trax crossovers.The shutdowns, which were initially supposed to last through this week, will be reassessed in mid-March. They're intended to ensure the company has enough semiconductor chips to produce its more profitable pickup trucks and...

public

Autos reporter for @CNBC.com. Formerly w/ @Automotive_News, @DetroitNews & @MLive. Alum of CMU/ @CMLife. Tips/news to: michael.wayland@nbcuni.com | DMs open

Michael Wayland

cnbc.com

Credible

Speculation

Anecdotal Evidence

Generalization

Stacking the Deck

Appeal to Authority

Straw Man

Slippery Slope

Emotional Appeal

Red Herring

False Dilemma

Illogical

Moral Equivalency

Ad Hominem

Correlation w/o Causation

Semantics

Begging the Question

Faulty Analogy

Non Sequitur

Bandwagon

Dogmatism

Failing Occam's Razor

Biased

Pure Opinion

Hit Piece

Racial Bias

National Bias

Religious Bias

Financial Incentive

Political Agenda

Gender Bias

Misused Image/Video

Study Misinterpreted

Mistake

Misused Term

Science Misrepresented

Factual Error

Satire

Surface Level

Lack of Reliable Sources

Sensational

Not Credible

Investigative

Balanced

Well Sourced

Great Context

sports

entertainment

U.S.

international

business

technology

science

culture

politics

media

health

GM extending shutdowns at three car and crossover plants due to chip shortage

No article scores yet.

CRITIC REVIEWS

PUBLIC REVIEWS