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GENERAL MOTORS COMPANY

(GM)
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GM will cut truck production amid semiconductor shortage

07/21/2021 | 03:24pm EDT
Logo of General Motors atop the company headquarters

WASHINGTON (Reuters) - General Motors Co said Wednesday it will cut some truck production in North America because of the ongoing global semiconductor shortage.

The largest U.S. automaker said its Flint Assembly plant that builds the Chevrolet Silverado HD and GMC Sierra HD trucks will operate on one production shift the week of July 26.

GM said its Ft. Wayne Assembly plant in Indiana that builds the Chevrolet Silverado 1500 and GMC Sierra 1500 model trucks will be idled next week. GM's Silao Assembly plant in Mexico that also builds the Chevrolet Silverado 1500, Cheyenne and GMC Sierra 1500 will also suspend production next week. All three plants are expected to resume regular production the week of Aug.2


ę Reuters 2021
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Financials (USD)
Sales 2021 136 B - -
Net income 2021 8 616 M - -
Net cash 2021 7 206 M - -
P/E ratio 2021 9,48x
Yield 2021 0,52%
Capitalization 82 456 M 82 456 M -
EV / Sales 2021 0,55x
EV / Sales 2022 0,47x
Nbr of Employees 155 000
Free-Float 95,1%
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Technical analysis trends GENERAL MOTORS COMPANY
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 23
Last Close Price 56,84 $
Average target price 74,60 $
Spread / Average Target 31,2%
EPS Revisions
Managers and Directors
Mary Teresa Barra Chairman & Chief Executive Officer
Mark L. Reuss President
Paul A. Jacobson Chief Financial Officer & Executive Vice President
Randall D. Mott Chief Information Officer
Matthew Tsien Chief Technology Officer & Executive VP
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