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GM’s profit plunges 40 percent as chip shortage slams production

GM's profit plunges 40 percent as chip shortage slams production

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High prices for trucks and SUVs helped General Motors post a $2.4 billion third-quarter profit, but the income was 40% lower than a year ago due to short supplies of new vehicles because of a global computer chip shortage. The earnings fell from $4 billion last year as sales slumped and the company lost market.

...read full article on New York Post

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