The Detroit Three automakers each face the ongoing shortage of semiconductor chips that are used in many car parts. The shortage has been crippling production across the industry since this time last year.
But GM is confident it will not be stopping production in the near term due to the chips shortage, spokesman David Barnas said.
Last week, CEO Mary Barra and CFO Paul Jacobson told investors at the Deutsche Bank Center in New York that GM predicts it will grow its production volume by 25% to 30% globally this year compared to last year. It has secured deals with the chipmakers in its supply chain, according to a research note on Monday from Deutsche Bank analyst Emmanuel Rosner.
