General Motors President Mark Reuss said Tuesday that he expects the global supply of semiconductors to stabilize but at lower levels than automakers need to rebuild their inventories. Reuss made the remarks at a conference hosted by the Detroit Regional Chamber in Michigan on Sept. 21, where he discussed GM’s plans for battery-powered car and truck production, and revealed three new motors that will power its upcoming electric vehicles. “We’ve got an inventory hole that then got exacerbated by the chip shortage,” Reuss said, remarking on the pandemic impact on the auto industry. Automobiles have become increasingly dependent on semiconductors for everything from safety features such as airbag deployment and emergency braking assistance to computer management of engines for better fuel economy and performance. “Are we going to be at stable inventories where we have what we want on a day supply basis across the industry and at dealerships? The answer …
GM Chief Sees Chip Supplies Stabilizing but Below ‘Volume That We Really Need’
September 22, 2021
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