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Non-Tech : GM - General Motors

GM 69.09

+0.6%

3:59 PM EDT

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From: Sr K	7/26/2022 7:52:08 AM
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General Motors’ Income Tumbles 40% on China Loss, Parts Shortages Auto maker’s weaker results reflect ongoing challenges with supply-chain disruptions, including a multiyear shortage of semiconductors GM warned earlier this month that a drop in vehicle output in North America would hit second-quarter results.PHOTO: BRANDON BELL/GETTY IMAGES By Mike Colias Updated July 26, 2022 7:21 am ET SHARE Listen to article (1 minute) General Motors second-quarter net income fell 40% over the prior year, hurt by a loss in China and supply-chain troubles that left the auto maker with tens of thousands of partially built vehicles it couldn’t sell during the period. The Detroit-based car company on Tuesday said net income for the April-to-June period totaled $1.69 billion, down from $2.84 billion a year earlier. Exc.

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