chip shortage

The act will direct tens of billions of dollars toward boosting semiconductor chip production

GM has been forced to slow its factories since late in 2020 largely due to a global shortage of semicondutors.

General Motors said its third-quarter sales were off nearly 33% from last year.

Ford Motor Co. posted a surprising $3.26 billion first-quarter net profit on Wednesday, but the company said a worsening global computer chip shortage…