General Motors fourth-quarter U.S. auto sales drop 43%

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FILE PHOTO: Logo of GM atop the company headquarters

– General Motors Co reported a second straight drop in quarterly U.S. auto sales on Tuesday, as semiconductor shortages and supply chain snarls hit production amid high pent-up demand in the country.

The U.S. automaker said fourth-quarter sales fell 43% to 440,745 vehicles, compared with 771,323 vehicles a year earlier.

General Motors said 2021 sales were at 2,218,228 vehicles, below Toyota Motor Corp’s annual sales of 2,332,262 vehicles.

(Reporting by Aishwarya Nair in Bengaluru; Editing by Vinay Dwivedi)

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