Hyperdrive
As World Wrestles With a Chip Shortage, GM’s Plants Fire Back Up
- Factories to restart in Canada, Mexico, the U.S., South Korea
- Carmaker says it secured semiconductors by working suppliers
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The global shortage of semiconductors is getting worse, but General Motors Co. has found ways to work its massive chain of suppliers and minimize the damage better than its biggest rivals.
The company is bringing back five plants that were shut down due to a lack of chips and adding a second shift at another, a clear sign that the largest U.S. automaker is managing the global crisis even as companies in many industries keep struggling. Crucially, two of the plants being reopened build small sport utility vehicles popular as family haulers and rentals, potentially helping to ease a scarcity of cars available for vacationers.