General Motors says worst of global chip shortage may be behind it

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  • GM believes the worst of a global chip shortage, which has forced automakers to cut production and close plants, could be behind it.
  • The automaker’s finance chief said this development has led to optimism that GM will achieve its guidance for the year.
  • GM’s 2021 guidance include earnings of $10 billion to $11 billion, or $4.50 to $5.25 per share, in adjusted pretax profits.

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