Extension of North American production reduction plan

On Wednesday, it announced an extension of North American plant production cuts as the auto industry was affected by a global shortage of semiconductor chips.

 

The company said its assembly plant in Wentzville, Missouri, would shut down in the weeks from March 29 to April 5. The company also extended the shutdown of its Lansing, Michigan, plant, which has been closed since March 15, by two weeks.

 

David barnas, a GM spokesman, said the move had been taken into account the company’s previous estimate that profits could fall by as much as $2 billion this year. GM didn’t say how much it would lose, but said it plans to make up as much as possible later this year.

 

In addition, GM said that the San Luis Potosi assembly plant in Mexico, which has been shut down since February 8, will resume production from the week of April 5 and arrange two shifts.