• Email Us: [email protected]
  • Contact Us: +1 718 874 1545
  • Skip to main content
  • Skip to primary sidebar

Medical Market Report

  • Home
  • All Reports
  • About Us
  • Contact Us

Semiconductor Shortage Hits General Motors, Production Of Pickup Trucks To Be Slashed This Month

July 29, 2021 by Steven Burnett Leave a Comment

Chip shortage seems to be far from over as General Motors has announced that it will have to suspend the production of some pickup trucks this month in North America. Production of most of the full-size pickup trucks will most likely be suspended from Monday. The company said that the suspension will continue for at least a week. Full-size pickup trucks and SUVs are the most profitable vehicles and among the best-selling cars of the company. General Motors beat the odds to continue the production as normally as possible for almost a year. It shifted the supply from less popular vehicles to profit-making pickup trucks. But the car manufacturer seems to have partially lost the battle which the industry has been fighting for almost a year.

But the emergence of the Delta variant across several countries is once again forcing shutdowns and restrictions. This has disrupted the supply chain once again. General Motors said that it is expecting this shortage to be a short-term issue. “Semiconductor shortages because of supply constraints at several countries have forced us to take these measures. These steps are temporary and have been taken to address the shortage. We are hopeful of resuming the production of our best-selling vehicles soon,” the company said in a release. GM has said that the production of pickups will be stopped at three plants in North America. Vehicles like Chevrolet Silverado 1500 and GMC Sierra 1500 will be affected because of the recent decision.

General Motors said that shift will be reduced to one from the usual three at the Flint Michigan assembly plant. The production will also be stopped at the Silao assembly plant in Mexico. Silverado 1500 Cheyenne are built in Silao. The heavy-duty versions of the Silverado are built at the Flint assembly plant. General Motors is not the only company that is going through a tough time because of a shortage of semiconductors. Recently there were reports that supply chain issues forced Toyota to shut plants in Thailand and even in Japan. Honda is also planning to shut its main plant in Japan. Sales of cars had nosedived during the coronavirus pandemic. Because of this, automakers cut back their order for semiconductors. However, they didn’t expect at that time that sales would rebound so quickly and car companies would be left without the chips. A report suggested that car manufacturers will have to cut production of 2.9 million vehicles this year. This would roughly cost the industry USD 110 billion worldwide.

Steven Burnett
Steven Burnett

Being one of the leading news writers of the medicalmarketreport he writes on other news sites like media.market.us, DailyHeraldBusiness, and many more., Steven holds a specialization in the domains of business and technology. The passion he has for the new developments in connected devices, cloud technology, virtual reality, and nanotechnology is seen through the latest industry coverage which is done by him. His take on the consequences of digital technologies across the world gives his writing a modern and fresh outlook.

Related posts:

  1. McDonald’s CEO Steps Down After Violating Company Policy
  2. Uber in talks to sell UberEats’ business in India to Zomato
  3. Wells Fargo Agrees To Pay USD 3 Billion In Penalties To Settle Fake Accounts Scandal
  4. Intel Reportedly In Talks To Acquire Chip Production Company GlobalFoundries For USD 30 Billion

Filed Under: Business

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

  • First-Ever Recording Of Black Hole Recoil Captured During Merger – And You Can Listen To It
  • The Moon Is Moving Away From Earth At A Rate Of About 3.8 Centimeters Per Year. Will It Ever Drift Apart?
  • As Solar Storm Hits Earth NASA Finds “The Sun Is Slowly Waking Up”
  • Plate Tectonics And CO2 On Planets Suggest Alien Civilizations “Are Probably Pretty Rare”
  • How To Watch The “Awkward” Partial Solar Eclipse This Weekend
  • World’s Oldest Pots: 20,000-Year-Old Vessels May Have Been Used For Cooking Clams Or Brewing Beer
  • “The Body Is Slowly And Continuously Heated”: 14,000-Year-Old Smoked Mummies Are World’s Oldest
  • Pizza Slices, Polaroid Pictures, And Over 300 Hats: What’s Left Behind In Yellowstone’s Hydrothermal Areas?
  • The Mathematical Paradox That Lets You Create Something From Nothing
  • Ancient Asteroid Ripped Apart In Collision Had Flowing Water
  • Flying Foxes Include The World’s Biggest Bat And The Largest Mammal Capable Of True Flight
  • NASA Responds To Claims That Interstellar Object 3I/ATLAS Is An Advanced Alien Spacecraft
  • Millions Of Tons Of Gold Are In Earth’s Oceans, Potentially Worth Over $2 Quadrillion
  • The Race Back To The Moon: US Vs China, Will What Happens Next Change The Future?
  • NOAA Issues G3 Geomagnetic Storm Warning As 500,000 Kilometer Hole Sends Solar Wind At Earth
  • Lasting 776 Days, This Is The Longest Case Of COVID-19 Ever Recorded
  • Living Cement: The Microbes In Your Walls Could Power The Future
  • What Can Your Earwax Reveal About Your Health?
  • Ever Seen A Giraffe Use An Inhaler? Now You Can, And It’s Incredibly Wholesome
  • Martian Mudstone Has Features That Might Be Biosignatures, New Brain Implant Can Decode Your Internal Monologue, And Much More This Week
  • Business
  • Health
  • News
  • Science
  • Technology
  • +1 718 874 1545
  • +91 78878 22626
  • [email protected]
Office Address
Prudour Pvt. Ltd. 420 Lexington Avenue Suite 300 New York City, NY 10170.

Powered by Prudour Network

Copyrights © 2025 · Medical Market Report. All Rights Reserved.

Go to mobile version