Global chip supplies to stabilize, but at lower-than-desired levels By Reuters

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© Reuters. FILE PHOTO: General Motors President Mark Reuss talks about the Chevrolet 2021 Suburban and Tahoe SUVs in Detroit, Michigan, U.S. December 10, 2019. REUTERS/Rebecca Cook

DETROIT (Reuters) – General Motors Co (NYSE:)’s president said on Tuesday the global supply of semiconductor chips will begin to stabilize but at levels below what the auto industry wants as it tries to rebuild vehicle inventories.

“We’re going to see a stablization to some extent before we see getting the volume we really need,” Mark Reuss said at a conference hosted by the Detroit Regional Chamber on Mackinac Island in northern Michigan.

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