GM Cuts Mid-Size Pickup Truck Production Due to Semiconductor Shortage
Focusing on the Production of Profitable Vehicles
[Asia Economy New York=Correspondent Baek Jong-min] U.S. automaker General Motors (GM) has decided to reduce production of its mid-size pickup trucks due to a semiconductor shortage, CNBC reported on the 24th (local time).
According to a message sent by the United Auto Workers (UAW) local union to its members, GM's Missouri plant is scheduled to halt operations from the 29th of this month until the 12th of next month.
The Missouri plant assembles pickup trucks such as the GMC Canyon and Chevrolet Colorado. However, the company stated that production of vans at this plant will not be affected.
Instead, GM has moved up the planned shutdown period for the Missouri plant in the second half of the year by two weeks, adjusting it to run from May 24 to July 19.
This series of measures is interpreted as GM choosing to maintain production of more profitable vehicles amid the shortage of automotive semiconductors.
David Barnas, GM spokesperson, said, "GM will continue to allocate all available semiconductors to assembling the most popular and in-demand products," adding, "There will be no shutdowns or production cuts at full-size truck plants."
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GM's plants in Kansas and Ingersoll, Canada, are expected to remain closed until mid-April. The plants in Brazil and Bupyeong, South Korea, are also affected by the semiconductor shortage.
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