Economy

mahatmakanejeeves

(60,969 posts) Tue Jul 26, 2022, 07:19 AM Jul 2022

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

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.

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General Motors' Income Tumbles 40% on China Loss, Parts Shortages (Original Post) mahatmakanejeeves Jul 2022 OP

A risk attached to outsourcing the manufacture of parts. no_hypocrisy Jul 2022 #1

GM was greedy for huge profits so they outsourced overseas. Irish_Dem Jul 2022 #2

Some manufacturing is moving back to the U.S. Auggie Jul 2022 #4

Yes I have been reading the same. Irish_Dem Jul 2022 #5

Indeed Auggie Jul 2022 #6

GM remains profitable despite setbacks. (Fixed headline.) bluedigger Jul 2022 #3

no_hypocrisy

(48,813 posts)

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

Reply to mahatmakanejeeves (Original post)

Tue Jul 26, 2022, 07:38 AM

Jul 2022

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

Irish_Dem

(57,588 posts)

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

Reply to mahatmakanejeeves (Original post)

Tue Jul 26, 2022, 08:06 AM

Jul 2022

Ouch, I guess it bit them in the butt.

Auggie

(31,802 posts)

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

Reply to Irish_Dem (Reply #2)

Tue Jul 26, 2022, 11:21 AM

Jul 2022

Not worth the delays and shipping costs.

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

Irish_Dem

(57,588 posts)

5. Yes I have been reading the same.

Reply to Auggie (Reply #4)

Tue Jul 26, 2022, 02:13 PM

Jul 2022

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

Auggie

(31,802 posts)

6. Indeed

Reply to Irish_Dem (Reply #5)

Tue Jul 26, 2022, 02:40 PM

Jul 2022

bluedigger

(17,148 posts)

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

Reply to mahatmakanejeeves (Original post)

Tue Jul 26, 2022, 08:19 AM

Jul 2022

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

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