GM factories forgoing two-week summer shutdown to build more cars

In an effort to catch up with increased demand, GM factories announced they will not take the usual two-week summer shutdown.

General Motors Co. said in a statement that it will be shifting its focus to high-demand vehicles such as pickup trucks and SUVs, and U.S. assembly plants for those products will not be taking the traditional two-week shutdown in an effort to meet demand.

The company says it has managed the shortage better than expected, and will begin installing computers in midsize trucks that were originally built without them when the chips were not available. GM had predicted a first-half pretax profit of around $5.5 billion when it released first-quarter earnings in May. The company also said it's optimistic about the full year, but gave no further details.In the first quarter the company turned a $2.98 billion net profit

GM previously forecast a full-year pretax profit of $10 billion to $11 billion and said earnings would be at the high end of the range. Full-year net income is expected to be between $6.8 billion and $7.6 billion.

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