to round out a pandemic-stricken 2020 but warned that a global shortage in semiconductor chips may deal a significant blow to its 2021 earnings.
The dearth of chips, which are required for various vehicle electronics and systems, has had a ripple effect across the automotive and electronics industries. , GM said it expects the shortage will cut its 2021 earnings by $1.5 billion to $2 billion. The company said the supply-chain issue won't impact the production of its most popular, highest-margin vehicles.
"We expect the shortage to be temporary and will look to focus on protecting supply of our highest-demand products, such as full-size trucks and SUVs, as well as EVs," GM CFO Paul Lawler said during an earnings call with investors.
Imho, stop mining and using up all the natural resources. Mining the reserves and the metals are gonna destroy the environment. Maybe someone should find a way to turn plastics into metal and then chips...