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GM reports Q2 increase in new vehicle sales, but inventory still tight

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GM reports Q2 increase in new vehicle sales, but inventory still tight
The second quarter was the best of times and the worst of times for General Motors as the automaker reported a nearly 40% boost in new-vehicle sales but still struggled with tight inventory.
Jul. 3 2021 @ 5:20pm
The 2021 Escalade returned Cadillac to the front ranks of global luxury and stayed true to the brand s heritage of combining power, style and room. (Cadillac/TNS)
The second quarter was the best of times and the worst of times for General Motors as the automaker reported a nearly 40% boost in new-vehicle sales but still struggled with tight inventory. ....

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GM reports Q2 new vehicle sales boost, but inventory tight

GM reports Q2 new vehicle sales boost, but inventory tight
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GM Adds to Production Cuts Amid Chip Shortage

GM Adds to Production Cuts Amid Chip Shortage
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Chevy Camaro Production Halted Until Further Notice

All because one key component is lacking.
This was bound to happen eventually to another major General Motors production facility and now it has. GM has confirmed to Automotive News its Lansing Grand River Assembly plant in Michigan will be idled beginning this Monday through the end of this month, if not longer. The reason? A lack of semiconductor chips, a crisis that continues to plague the auto industry at large, with the exception of Toyota.
Like other affected automakers, GM is using its existing semiconductor chip supply for highly profitable and extremely popular vehicles, mainly trucks and SUVs. Slow sellers and some newer models are being sacrificed instead, including the Chevy Camaro, Malibu, Cadillac CT4 and CT5, all of which are built at Lansing Grand River. ....

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