Despite chip shortage, GM posts $2.8 billion profit, boosts its forecast

DETROIT — Despite a computer chip shortage that temporarily closed some of its factories, General Motors made a healthy $2.8 billion net profit in the second quarter. The earnings came even though GM plants cranked out 200,000 fewer vehicles than they did during the same period in 2019, the last comparable quarter before the coronavirus […] August 05, 2021 at 06:47AM