Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

American carmaker General Motors (GM) noted in its 2021 earnings outlook that the semiconductor shortage may impact its profit margins by $1.5-2bn this year. 


In its Q4 2020 earnings release, the company noted that while production may be impacted, it will prioritize building full-size SUVs and trucks which are its bestselling and most profitable vehicles. On Feb 9, GM extended the production cuts at its plants across North America to mid-March.


The company also stated that it expects sales in China and South America to grow through the year. It has also planned a $7bn investment in electric vehicles (EVs) for 2021, building towards its plan to launch 30 EVs to the market by 2025.

Leave a Reply

Your email address will not be published.