General Motors Reports 33% Drop in Quarterly Sales

General Motors mentioned on Friday that new-vehicle gross sales had been down 33 % in the third quarter from a 12 months earlier on account of semiconductor shortages and dwindling inventories on supplier tons.

The automaker bought 446,997 autos in the July-to-September quarter, a pointy decline from the year-ago interval, when it bought 665,192 gentle vehicles and vehicles.

The worldwide scarcity of semiconductors has compelled G.M. and different producers to idle crops for weeks at a time, leaving sellers with tight shares of vehicles and vehicles on the market. On the finish of September, G.M. had simply 128,757 autos in supplier inventories.

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