GM retools supply chain to get tens of thousands of vehicles awaiting parts to consumers quickly and ward off future supply chain challenges.
But the automaker remains bullish that stronger results are possible in the second half of the year.
General Motors and Ford Motor Co. CEOs say they are watching for signs of a U.S. recession, despite demand for autos being strong.
General Motors hopes its Ultium platform, which consists of batteries, motors, software and other components, will help it grow EV market share and overtake Tesla as the No. 1 EV maker.
GM entered agreement with the rental car company to funnel more loaner vehicles to dealerships amid the global microchip shortage.
General Motors will extend production cuts at crossover, midsize pickup and sedan plants because of the semiconductor chip shortage but will resume full-size pickup production on Monday.
The company will idle plants in Flint, Michigan; Fort Wayne, Indiana; and Silao, Mexico, just one week after the plants resumed production after an earlier shutdown related to the shortage.
GM reported sales of 688,236 vehicles in the second quarter, up 39.7% from 2019. But Edmunds and Cox Automotive had forecasted GM sales would rise 40% to 43%.
How fast automakers move vehicles from factory floors to showrooms will shape the sales story the rest of the year.
Market Scan supplying industry data and payment calculation technology to enhance GM’s Shop.Click.Drive digital retailing platform.
