General Motors' Income Tumbles 40% on China Loss, Parts Shortages

[mahatmakanejeeves]

GM's profit fell 40%, hurt by a loss in China and supply-chain troubles that left it with tens of thousands of unfinished vehicles

wsj.com
General Motors’ Income Tumbles 40% on China Loss, Parts Shortages
The auto maker’s weaker results reflect ongoing challenges with supply-chain disruptions, including a multiyear shortage of semiconductors.

Link to tweet

[no_hypocrisy]

1. A risk attached to outsourcing the manufacture of parts.

Could have been built in the U.S. Worst thing they'd have to contend with would have been the UAW.

[Irish_Dem]

2. GM was greedy for huge profits so they outsourced overseas.

Ouch, I guess it bit them in the butt.

[Auggie]

4. Some manufacturing is moving back to the U.S.

Not worth the delays and shipping costs.

This was shared on DU over the past several weeks or so.

[Irish_Dem]

5. Yes I have been reading the same.

But the corporations are going to hate having to pay wages and benefits to Americans.
We shall see how long it lasts.

[Auggie]

6. Indeed

[bluedigger]

3. GM remains profitable despite setbacks. (Fixed headline.)

Do business writers know the difference between income and profits? They are not usually the same thing.