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SVTPerformance's Chain of Restaurants
Road Side Pub
Frying Pan Into the Fire -- Chip Shortage
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<blockquote data-quote="Weather Man" data-source="post: 16604259" data-attributes="member: 137766"><p><a href="https://seekingalpha.com/news/3680352-general-motors-extends-some-production-halts-due-to-chip-shortage" target="_blank">General Motors extends some production halts due to chip shortage</a></p><ul> <li data-xf-list-type="ul">General Motors (<a href="https://seekingalpha.com/symbol/GM" target="_blank">GM</a> -1.6%) is temporarily <a href="https://www.cnbc.com/2021/04/08/gm-cutting-production-at-several-plants-due-to-chip-shortage.html" target="_blank">extending</a> shutdowns at several plants in North America due to the ongoing chip shortage that is disrupting the global automotive industry.</li> <li data-xf-list-type="ul">The temporary plant closures are for several additional weeks for plants that have already been idled due to the parts shortage and include some new plants.</li> <li data-xf-list-type="ul">The automaker has already factored in a $1.5B to $2.0B hit to operating profit this year from the lost production.</li> <li data-xf-list-type="ul">GM's statement: "We continue to work closely with our supply base to find solutions for our suppliers’ semiconductor requirements and to mitigate impact on GM."</li> <li data-xf-list-type="ul">Analysts expect GM to <a href="https://seekingalpha.com/symbol/GM/earnings" target="_blank">churn up $5.23 in EPS this year.</a></li> </ul></blockquote><p></p>
[QUOTE="Weather Man, post: 16604259, member: 137766"] [URL='https://seekingalpha.com/news/3680352-general-motors-extends-some-production-halts-due-to-chip-shortage']General Motors extends some production halts due to chip shortage[/URL] [LIST] [*]General Motors ([URL='https://seekingalpha.com/symbol/GM']GM[/URL] -1.6%) is temporarily [URL='https://www.cnbc.com/2021/04/08/gm-cutting-production-at-several-plants-due-to-chip-shortage.html']extending[/URL] shutdowns at several plants in North America due to the ongoing chip shortage that is disrupting the global automotive industry. [*]The temporary plant closures are for several additional weeks for plants that have already been idled due to the parts shortage and include some new plants. [*]The automaker has already factored in a $1.5B to $2.0B hit to operating profit this year from the lost production. [*]GM's statement: "We continue to work closely with our supply base to find solutions for our suppliers’ semiconductor requirements and to mitigate impact on GM." [*]Analysts expect GM to [URL='https://seekingalpha.com/symbol/GM/earnings']churn up $5.23 in EPS this year.[/URL] [/LIST] [/QUOTE]
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SVTPerformance's Chain of Restaurants
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Frying Pan Into the Fire -- Chip Shortage
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