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Mettis Global News
Mettis Global News
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GM Q3 profit drops to $2.4bn amid semiconductor crunch

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October 27, 2021: Amid a semiconductor shortage that has hit auto sales, General Motors said Wednesday the company's third quarter profit fell to $2.4 billion.

“The quarter was challenging due to continuing semiconductor pressures,” GM chief Mary Barra said in a letter to shareholders, but noted that the automaker expects full-year results to be near “the high end” of the projected range of $11.5 billion to $13.5 billion.

AFP/APP

Posted on: 2021-10-27T17:39:01+05:00

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