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

US automaker General Motors (GM) has cut production at its Chevrolet plant in Wentzville, Missouri for the next two weeks and extended the downtime at its Cadillac facility in Lansing, Michigan. 


According to media reports, the move is included in GM’s projected loss of $2mn from its annual EBITDA due to the semiconductor shortage. On Mar 3, the company shut three plants across North America – Fairfax in the US, CAMI in Canada, and San Luis Potosi in Mexico. GM noted that it will resume production at San Luis Potosi in the week of April 5 with both shifts. 


Recently, Honda, Nissan and Stellantis also cut production at their sites in North America due to the shortage.

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