General Motors facing US$2 billion loss due to semiconductor shortage

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General Motors' profits could fall by US$2 billion (AU$2.6 billion) in 2021, due to an ongoing international shortage of semiconductor chips. The Detroit-based automotive conglomerate made the grim predictions during an offical statement, following the release of its fourth quarter 2020 earnings report.

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Tesla cars to be banned from Chinese government buildings amid security fears — report

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