Reuters
GM vehicle sales tumble 15% as chip crunch, supply snags drag
(Reuters) -General Motors Co reported a 15% drop in second-quarter auto sales on Friday, as a global chip shortage and supply chain disruptions hit production and left nearly 100,000 vehicles waiting for more parts. The U.S. auto industry is struggling to keep up with pent-up consumer demand for new cars as it struggles to ramp up production due to the chip shortage, a labor crunch and problems related to supply chain logjams. GM, which lost its crown as the sales leader last year for the first time since 1931 to Toyota, said it sold 582,401 vehicles in the quarter through June versus 688,236 vehicles last year.