GM to Prioritize Higher-Margin Vehicles Amid Chip Shortage, Says CFO
The situation with the global chip shortage is “very fluid,” said General Motors Chief Financial Officer Paul Jacobson on a Q4 call Wednesday. “You've seen that from various manufacturers across the board.” GM will prioritize production amid the shortage toward…
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vehicles “that have higher margins and provide better contribution for us,” he said. “Where we are taking chips from are vehicles where we either have a little bit more inventory” or where there are “production gaps in the back half of the year or capacity to be able to make that up,” he said.