The U.S. automaker said the lack of semiconductor chips could shave up to US$2 billion from its 2021 profit.

GM is one of several Canadian auto manufacturers now feeling the crunch, with Stellantis' plant in Brampton, Ont., facing a similar pause in production last month.

GM also said it plans to become carbon neutral by 2040.

The companies said Microsoft's Azure cloud and edge computing platform would be used to "commercialize its unique autonomous vehicle solutions at scale."

Unifor members have voted to approve General Motors Canada's plan to invest $1 billion in an electric vehicle plant in southern Ontario.

Large-scale commercial production of BrightDrop EV 600s, an all-electric van, is set to begin next year, according to GM Canada.

Shares of General Motors jumped General Motors Co shares jumped as the automaker announced its entry into the growing electric delivery vehicle business.

The decision will cost the automaker an estimated $1.2 billion USD, about one third of its net income this year. 

A former employee of General Motors says several workers don't plan on returning to the Oshawa plant, despite the fact hundreds of jobs are returning. 

The company’s product development chief promised a small electric SUV that will cost less than $30,000.