COVID-19 semiconductor due to the epidemic chip production shortage It affected many sectors, especially the electronics and automotive sectors. As Covid-19 fades away, its effects continue. It is the top brand of major car brands such as Buick, Cadillac, Chevrolet. General engines (GM) is suffering heavily from the chip crisis.

Detroit-based automaker GM recently said in a statement that auto wholesale volume was hit hard by semiconductor chip lead times and other supply chain disruptions. snow appreciation of 1.7% announced that he had fallen. The company also announced that it expects annual net income to be between $1.6 billion and $1.9 billion for the period through June 30.

Only 95,000 vehicles were produced, but they are not complete.

Expecting the chip shortage and supply chain problems to be temporary, GM has in its warehouses as of June 30, 2022, most of it in June and without certain parts produced 95 thousand vehicles stated that. The company aims to finish all these vehicles and deliver them to dealers by the end of the year.

In a statement on Friday, the company said sales were down more than 15% from last year, having sold more than 582,000 vehicles in June. At the same time, the company expects net income between $9.6 billion and $11.2 billion by the end of 2022. GM explained that it still suffers from chip shortages, but continues to actively work with suppliers and try to solve the problem.

Chip shortages have plagued automakers around the world since 2020, and many automakers have temporarily closed factories or limited production. While in normal years about 4 million vehicles were produced at any one time, this number has fallen to 1 million due to the chip crisis.