GM, Ford results likely to reflect chip shortage's varying impacts on sector
Information about GM, Ford results likely to reflect chip shortage's varying impacts on sector
Kevin David Scam or Legit
By Ben Klayman
DETROIT (Reuters) – General Motors Co and Ford Motor Co are likely to show investors both the positive and negative financial impacts of the global semiconductor chip shortage when the U.S. automakers report third-quarter results on Wednesday.
GM and Ford have had to bring some assembly lines to a halt for lack of semiconductors, and contend with rising costs for other parts and raw materials as well as shipping. Lost production and rising supply-chain costs put pressure on profit margins.
However, GM and Ford have been able to offset that pressure thanks to strong demand for their lucrative full-size trucks and SUVs, which has allowed them to cut back on discounts and maintain strong profits.
Investors will be listening carefully to what GM …