G.M. Profit Falls 40 Percent as Costs Rise and Chips Are Lacking
July 26, 2022 at 14:25 PM EDT
General Motors is now being squeezed by inflation as well as a global computer chip shortage. The automaker said on Tuesday its profit fell by 40 percent in the three months ending in June mainly as a result of rising costs for parts and materials. The company reported $1.7 billion in profit for the … Source
