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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: 16750937" data-attributes="member: 137766"><p>For goodness sakes.</p><p></p><h3><a href="https://seekingalpha.com/news/3817523-general-motors-to-halt-production-at-indiana-truck-plant-for-two-weeks-amid-chip-shortage?source=content_type%3Areact%7Cfirst_level_url%3Amarket-news%7Csection_asset%3Amain" target="_blank">General Motors to halt production at Indiana truck plant for two weeks amid chip shortage</a></h3><p><a href="https://seekingalpha.com/symbol/GM?source=content_type%3Areact%7Cfirst_level_url%3Amarket-news%7Csection_asset%3Amain" target="_blank">GM -0.83%</a>Now!</p><ul> <li data-xf-list-type="ul">The Detroit automaker General Motors (GM -0.8%) is <a href="https://seekingalpha.com/pr/18724433-chip-shortage-forces-gm-to-pause-production-indiana-plant" target="_blank">shutting down</a> its pickup truck factory in Ft. Wayne, Indiana, for two weeks next, starting April 4 as it has run short of semiconductor chip.</li> <li data-xf-list-type="ul">Supply chain issues continues to weigh on auto industry for more than a year after a global chip shortage first emerged in late 2020.</li> <li data-xf-list-type="ul">Chip supplies have improved during the first three months of this year vs. year ago, GM said, improving production and deliveries in the first quarter.</li> <li data-xf-list-type="ul">Management comment: "There is still uncertainty and unpredictability in the semiconductor supply base, and we are actively working with our suppliers to mitigate potential issues moving forward,"</li> <li data-xf-list-type="ul">The Ft. Wayne plant has been running on three shifts per day making Chevrolet Silverados and GMC Sierra light duty pickups. The plant employs more than 4,000 blue collar workers.</li> </ul></blockquote><p></p>
[QUOTE="Weather Man, post: 16750937, member: 137766"] For goodness sakes. [HEADING=2][URL='https://seekingalpha.com/news/3817523-general-motors-to-halt-production-at-indiana-truck-plant-for-two-weeks-amid-chip-shortage?source=content_type%3Areact%7Cfirst_level_url%3Amarket-news%7Csection_asset%3Amain']General Motors to halt production at Indiana truck plant for two weeks amid chip shortage[/URL][/HEADING] [URL='https://seekingalpha.com/symbol/GM?source=content_type%3Areact%7Cfirst_level_url%3Amarket-news%7Csection_asset%3Amain']GM -0.83%[/URL]Now! [LIST] [*]The Detroit automaker General Motors (GM -0.8%) is [URL='https://seekingalpha.com/pr/18724433-chip-shortage-forces-gm-to-pause-production-indiana-plant']shutting down[/URL] its pickup truck factory in Ft. Wayne, Indiana, for two weeks next, starting April 4 as it has run short of semiconductor chip. [*]Supply chain issues continues to weigh on auto industry for more than a year after a global chip shortage first emerged in late 2020. [*]Chip supplies have improved during the first three months of this year vs. year ago, GM said, improving production and deliveries in the first quarter. [*]Management comment: "There is still uncertainty and unpredictability in the semiconductor supply base, and we are actively working with our suppliers to mitigate potential issues moving forward," [*]The Ft. Wayne plant has been running on three shifts per day making Chevrolet Silverados and GMC Sierra light duty pickups. The plant employs more than 4,000 blue collar workers. [/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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