General Motors cuts North American truck production due to semiconductor shortage

General Motors said on Wednesday that it will cut some of its truck production in North America due to the continued shortage of global semiconductors.

The largest US automaker said that its Flint assembly plant, which produces Chevrolet Silverado HD and GMC Sierra HD trucks, will have a production shift in the week of July 26.

Several media reports quoted estimates from Goldman Sachs and consulting firm AlixPartners that the shortage will cost the global auto industry about $110 billion in revenue in 2021.

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General Motors said it’s feet. The Wayne, Indiana assembly plant that produces Chevrolet Silverado 1500 and GMC Sierra 1500 trucks will be idle next week. GM’s Silao assembly plant in Mexico will also produce the Chevrolet Silverado 1500, Cheyenne and GMC Sierra 1500, and will also discontinue production next week.

All three factories are expected to resume normal production in the week of August 2.