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March 9, 2026

And More July 15, 2022

General Motors Is “Dealing With Production Obstacles On a Weekly Basis”, Says CEO

And More ı By Rochdi Rais

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General Motors Hummer
General Motors is still solving production obstacles that will last into next year, CEO Mary Barra told CNBC’s Jim Cramer on Thursday. “It’s gotten better this year than last year, but really this will go into ’23. … It’s going to take additional capacity,” Barra said in an interview on “Mad Money.”  “But right now, it’s we solve issues and new issues pop up, and we’re just dealing with it on a weekly basis,” she added. The car manufacturer said in a filing earlier this month that supply chain issues will weigh down on its second-quarter earnings. GM has roughly 95,000 manufactured vehicles in its inventory that are missing specific components as of June 30, according to the filing. Despite the supply chain disturbing the company’s production, Barra said that GM plans to ramp up its EV production. “The Hummer, we’re out a couple years. We’re looking at increased production in the latter part of this year for the Hummer truck,” she said.  The Hummer EV pickup truck is available for sale, but a high number of current reservations means new orders likely won’t be fulfilled until 2024, a company executive previously told CNBC. GM announced Thursday that it is building a network of electric vehicle chargers in a partnership with Pilot Co. and EVgo, with a sizable amount expected to be in operation by the end of next year. Shares of GM plunged to $31.59 on Thursday, well below its 52-week high of $67.21.  

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Rochdi Rais
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Rochdi Rais

Rochdi Rais is the chief content officer and financial and legal writer at USA Herald. He has been writing about finance, law, cryptocurrency and U.S. politics for years with over +4000 articles published during his career.

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