Hobbled by chip, other shortages, GM profit slides 40% in Q2

Hobbled by chip, other shortages, GM profit slides 40% in Q2

DETROIT (AP) — General Motors’ second-quarter net income fell 40% from the previous year as computer chip and parts shortages hobbled factory output and drove the company’s U.S. sales down more than 15%.
The Detroit automaker earned $1.67 billion from April through June, in part because it couldn’t deliver 95,000 vehicles as were built without one part or another. A year ago, it had made $2.79…

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