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.