Improved semiconductor supply drives market share gains for GM

General Motors has announced higher production and market share in key truck segments in Q1 2022, giving partial credit for the increases to improved semiconductor supplies.

“Our ability to meet pent-up demand improved dramatically thanks to a tremendous effort by our supply chain and manufacturing teams to keep our plants operating at close to normal levels,” said Steve Carlisle, executive vice president and president, GM North America. “Supply chain disruptions are not fully behind us, but we expect to continue outperforming 2021 production levels, especially in the second half of the year.”