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GM Says Unfinished Cars to Hurt Quarterly Results

General Motors Co. mentioned it constructed about 95,000 automobiles with out sure semiconductors and different components and had to set the automobiles apart as an alternative of delivery them to sellers, weighing on its second-quarter outcomes.

The firm mentioned the hit to wholesale car deliveries would harm second-quarter internet revenue, which it now expects to be between $1.6 billion and $1.9 billion, beneath the FactSet estimate of $2.46 billion.

Related Topics:Automotive Business C&E Industry News Filter Cars Content Types corporate Corporate/Industrial News Earnings Earnings Projections Factiva Filters Financial Performance General Motors GM Hurt industrial news Industry Profile Motor Vehicle Dealing Motor Vehicles New Car Dealing Passenger Cars Quarterly Results retail Retail/Wholesale Sales Figures Specialty Retailing Supply Chain SYND Unfinished Wards Intelligence wholesale WSJ-PRO-WSJ.com wsjcorp

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