GM cutting US production amid chip shortage

General Motors Co and Ford Motor Co both said on Thursday they will cut more vehicle production due to a semiconductor chip shortage that has roiled the global automotive industry. The White House plans a summit on the chip shortage issue next Monday that is expected to include GM Chief Executive Mary Barra and Ford Chief Executive Jim Farley and top technology firm executives. A US auto industry group this week urged the government to help and warned that a global semiconductor shortage could result in 1.28 million fewer vehicles built this year and disrupt production for another six months. President Joe Biden wants at least $50 billion to help boost US semiconductor production, but that will not address short-term needs. “This is something that there is a great deal of focus at the highest level across government,” White House spokeswoman Jen Psaki said. The largest US automaker said it will cut production for two weeks at its Spring Hill assembly plant that makes popular SUVs starting on Monday, and cut a week of Chevrolet Blazer production at its Ramos plant in Mexico and its Lansing Delta Township factory in Michigan. GM’s Lansing Grand River Assembly will extend its downtime through the week of April 26, while its CAMI Assembly (Canada) and Fairfax Assembly plants will extend production shutdowns through the week of May 10. Ford, the second-largest US automaker, said it will cancel production next week at its Chicago Assembly Plant, its Flat Rock Assembly Plant and part of its Kansas City Assembly Plant. It will also operate its Ohio Assembly Plant on a reduced schedule. Ford said it will operate more plants this summer during traditional shutdown weeks to make up for lost production. GM said the latest cuts have been factored into its forecast that the shortage could reduce this year’s profit by up to $2 billion. GM said it has not taken downtime or reduced shifts at any of its more profitable full-size truck or full-size SUV plants due to the shortage. Nick Note: We are not talking state of the art 7 nano chips. We are talking workhorse processors that cost literally pennies. Now i am sorry if those Worthington Business School Snobs have not figure it our yet. But this is war. For years we warned about just in time supply. Where instead of you paying for warehouses full of parts you pay shipping companies. Its an accounting trick. Rather then investing in inventory a capitalization effort. You pay shipping which is a line item expense. The Chinese have a great advantage.. Their leaders are not as stupid as yours. I warned about the fact that critical chips were no longer made in the USA… But in China. One of the secrets is a F35 Fighter in the future will be grounded because of a $25 processor chip only made in China. As a foot note Chinese companies for domestic consumption have all the chips they need……..See your idiot leadership is computing the percentages of HE/Shes/Its in the work force and their comparative pay. And do not forget the national efforts to be sure corporate leadership represents the proper ethnic ratios. No matter the skill level.  I say  fuck that hire the best and smartest no matter what sex they think they are and no matter their color. Because China funds the best (from kindergarten to graduate school to  corporate leadership) and America funds the worst. From Sports programs that give you maybe 20 athletes to play pro  watermelon and beeee bop ball a year, to handicapped programs where you spend a million dollars a year per on Autistic children to say ma ma. And every day the great empire crumbles. I  really really do not give a shit. The greatest transfer of  wealth occurres when empires tumble. And i am in the transfer of wealth business. So all this is good for our business!!