Production of the Cadillac CT4 and Cadillac CT5 at the General Motors Lansing Grand River Assembly Plant in Michigan is set to resume on August 9th. Production at the Lansing Grand River facility has been spotty since March of this year due to the ongoing global microchip shortage.
Although new units the Cadillac CT4 and Cadillac CT5 are not expected to roll off the line until the second week of August, recent reports indicate that the Lansing Grand River facility restarted production of the 2021 Chevy Camaro on Monday. Meanwhile, limited production of the range-topping performance models in the CT4 and CT5 lineups, namely the 2022 Cadillac CT4-V Blackwing and 2022 Cadillac CT5-V Blackwing, is on track.
The General Motors Lansing Grand River facility went offline in March, and remained offline through April as GM grappled with the global microchip shortage. Limited areas of the plant were brought back online in May, but were idled again shortly thereafter, with production expected to resume June 28th.
However, production of the Chevy Camaro resumed a week earlier than expected, while production of the Cadillac CT4 and CT5 is expected to remain offline until August, with the exception of limited production for the Cadillac CT4-V Blackwing and CT5-V Blackwing.
The global microchip shortage has resulted in production cuts at several different GM facilities, including San Luis Potosi in Mexico, Fairfax Assembly in Kansas, and CAMI Assembly in Ontario, among others. As GM Authority recently covered, the GM Fairfax Assembly plant is expected to remain offline until August 16th.
The shortage is estimated to have forced production cuts numbering some 278,000 GM vehicles thus far, eating into annual net earnings by as much as $2 billion.
General Motors is now seeking a long-term supply contract in the hopes of mitigating the effects of another potential microchip shortage in the future. GM also announced that it anticipates better-than-expected first-half financial results.