DETROIT, June 3, 2021 /PRNewswire/ -- Today, General
Motors outlined steps it is taking to increase deliveries to
dealers and customers in the United
States and Canada to meet
strong consumer demand for Chevrolet, Buick, GMC and Cadillac vehicles.
- Production of the Chevrolet Silverado HD and GMC Sierra HD
full-size pickups will increase by about 1,000 trucks per month
beginning in mid-July as a result of production line efficiencies
delivered by the team at Flint Assembly in Michigan.
- Shipments of Chevrolet Colorado and GMC Canyon mid-size pickups
built at Wentzville Assembly in Missouri will increase by about 30,000 total
units from mid-May through the week of July
5 as the team completes dynamic vehicle testing on units
held at the plant due to semiconductor supply disruptions.
- Smaller volumes of vehicles held at other plants also will
complete dynamic vehicle testing and ship to dealers during June
and July.
- U.S. assembly plants that build GM's most capacity-constrained
products will not take any dedicated vacation downtime this
summer.
As announced in May, GM will return full-size pickup production
to Oshawa Assembly in Canada
during the fourth quarter of 2021. The new accelerated timeline and
incremental volume are expected to make an impact in 2022, as
production ramps up.
As a result of GM's ongoing efforts to prioritize semiconductor
usage, its success engineering solutions that maximize the
utilization of chips as well as the pull-ahead of some projected
semiconductor deliveries into the second quarter, the company now
expects its first-half financial results to be significantly better
than the first-half guidance previously provided. GM is
optimistic about the full year and expects to share additional
information during its second-quarter earnings conference call on
Aug. 4. GM Chair and CEO Mary
Barra and Chief Financial Officer Paul Jacobson will also participate in a Virtual
Fireside Chat with Credit Suisse today, beginning at
1 p.m. EDT.
"The global semiconductor shortage remains complex and very
fluid, but the speed, agility and commitment of our team, including
our dealers, has helped us find creative ways to satisfy
customers," said Phil Kienle, GM
vice president, North America Manufacturing and Labor Relations.
"Customer demand continues to be very strong, and GM's engineering,
supply chain and manufacturing teams have done a remarkable job
maximizing production of high-demand and capacity-constrained
vehicles."
Production at certain manufacturing facilities in North America, Asia and South
America will continue to be impacted by the global
semiconductor shortage through June and July. As global
semiconductor supply recovers, the company expects to implement
similar actions in markets around the world to resume production
and increase deliveries to dealers through the second half of the
year. GM continues to work with its suppliers and policy
leaders to develop long-term solutions to the semiconductor supply
issues that have impacted all automakers.
General Motors (NYSE:GM) is a global company focused on
advancing an all-electric future that is inclusive and accessible
to all. At the heart of this strategy is the Ultium battery
platform, which powers everything from mass-market to
high-performance vehicles. General Motors, its subsidiaries and its
joint venture entities sell vehicles under
the Chevrolet, Buick, GMC, Cadillac, Baojun
and Wuling brands. More information on the company and
its subsidiaries, including OnStar, a global leader in vehicle
safety and security services, can be found
at https://www.gm.com.
Cautionary Note on Forward-Looking
Statements: This press release and related
comments by management may include "forward-looking statements"
within the meaning of the U.S. federal securities laws.
Forward-looking statements are any statements other than statements
of historical fact. Forward-looking statements represent our
current judgement about possible future events and are often
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"effect," "estimate," "evaluate," "expect," "forecast," "goal,"
"initiative," "intend," "may," "objective," "outlook," "plan,"
"potential," "priorities," "project," "pursue," "seek," "should,"
"target," "when," "will," "would," or the negative of any of those
words or similar expressions. In making these statements, we rely
upon assumptions and analysis based on our experience and
perception of historical trends, current conditions, and expected
future developments, as well as other factors we consider
appropriate under the circumstances. We believe these judgements
are reasonable, but these statements are not guarantees of any
future events or financial results, and our actual results may
differ materially due to a variety of factors, many of which are
described in our most recent Annual Report on Form 10-K and our
other filings with the U.S. Securities and Exchange Commission. We
caution readers not to place undue reliance on forward-looking
statements. Forward-looking statements speak only as of the date
they are made, and we undertake no obligation to update publicly or
otherwise revise any forward-looking statements, whether as a
result of new information, future events, or other factors that
affect the subject of these statements, except where we are
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SOURCE General Motors Co.