GM shuts down Mexico plant over chip shortage

Monday, 26. July 2021 20:33

General Motors shut down an assembly plant in the Mexican state of Guanajuato for the entirety of the week due to the global chip shortage, the company announced on Monday. The suspension of activities at the Silao plant is expected to affect about 6,000 workers.

Last week, the Detroit automaker also announced production cuts for its plants in Michigan and Indiana as the semiconductor shortage continues to drag on since early last year.

Current estimates see the global automotive industry losing $110 billion in revenue this year due to the chip shortage.

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Breaking the News / JC