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General Motors CFO Expects More Stable Chip Supply In 2022

Cover picture for the articleGeneral Motors Chief Financial Officer Paul Jacobson is expecting its chip supply to even out in 2022 as suppliers work to catch up with an uptick demand. According to Reuters, Jacobson told investors in a conference call this week the automaker expects a “more stable year” in 2022 with regard to chip supply. GM has been among the hardest-hit automakers amid the semiconductor pinch, trimming its global production output by 777,928 vehicles through the first eight months of 2021. Some GM plants, like the Fairfax Assembly site in Kansas, have been offline since February due to a shortage of chips, leaving thousands of hourly employees out of work.

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