DETROIT :General Motors Co's president said on Tuesday the global supply of semiconductor chips will begin to stabilize but at lower levels than the auto industry wants as it tries to rebuild vehicle inventories.
The global chip shortage has caused GM and automakers globally to idle production at plants, with some executives warning the issue could linger into 2023. Looking ahead, Reuss said a crucial issue for the auto industry would be recycling materials used in electric vehicle batteries, such as rare earth minerals.
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