General Motors will halt most of its North American full-size pickup truck production next week due to the ongoing global shortage of semiconductor chips.
Production cuts have been confirmed for plants in Michigan, Indiana and Mexico that produce the Chevrolet Silverado and GMC Sierra pickups.
GM has avoided halting production of its large pickups this year due to the parts shortage through aggressive supply chain tactics as well as building some vehicles without the needed chips to be completed later. It also has cut some features that require chips such as wireless phone chargers.
Full production at the plants is expected to resume the week of Aug. 2, GM said.
The shortage is expected to cost the global automotive industry $110 billion in revenue in 2021, according to consulting firm AlixPartners.