The global shortage of computer chips forced General Motors to build 95,000 vehicles without certain components during the second quarter.
The Detroit automaker said in a regulatory filing Friday that most of the incomplete vehicles were built in June, and that it expects most of them to be finished and sold to dealers before the end of the year.
The company reaffirmed its full-year net income guidance of $9.6 billion to $11.2 billion with pretax earnings of $13 billion to $15 billion. For the first time the company predicted that it would make $2.3 billion to $2.6 billion beforein the second quarter. That fell short of analyst estimates of $3.97 billion, according to FactSet.
That has pushed prices to record levels and limited vehicle selection, but it's also led to strong profits for most automakers.
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