GM said the shortage would cost it $1.5 billion to $2 billion. GM's crosstown rival, Ford Motor, said last week the shortage could lower its earnings by $1 billion to $2.5 billion this year.

That's worsened a chip shortage that was starting to improve earlier in the summer. Ford and GM aren't the only car makers having to shut down plants due to the chip shortage.

DETROIT (AP) — General Motors’ second-quarter net income fell 40% from a year ago as computer chip and parts shortages hobbled factory output and drove the company’s U.S. sales down more ...

General Motors will reduce production at many North American assembly plants this month because of the ongoing semiconductor chip shortage, hitting its profitable truck and sport utility vehicles ...

The unsold vehicles amounted to 16% of GM's total sales from April through June. The company said Friday that it sold more than 582,000 vehicles during the quarter, down more than 15% from a year ago.

The shortage began in 2020 as multiple vehicle plants around the world shut down early in the coronavirus pandemic, and chip suppliers directed them to other industries.

The chip shortage crisis has been widely discussed in the media, but there’s an aspect of the issue that’s flying under the radar: trailing-edge semiconductors. While much of the attention has ...

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That's worsened a chip shortage that was starting to improve earlier in the summer. Ford and GM aren't the only car makers having to shut down plants due to the chip shortage.