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The act will direct tens of billions of dollars toward boosting semiconductor chip production
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GM has been forced to slow its factories since late in 2020 largely due to a global shortage of semicondutors.
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General Motors said its third-quarter sales were off nearly 33% from last year.
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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…