A top executive at General Motors said on Friday that the company is more than halfway through shipping newly assembled pickups that were previously parked owing to a lack of semiconductor chips that prohibited the company from exporting the trucks.

At the Reuters Events Automotive Summit, Steve Cralisle, GM's North American chief executive, remarked, "We've made terrific progress." "We're about halfway there right now, and our goal is to get rid of all of our '21 model years by the end of the year. The '22 model years will have a bit of a tail into the new year, but not very long."Why GM's New Logo Looks So Much Like an App Icon | Marker

Due to a global chip shortage, automakers like GM have been forced to halt production or, in some cases, produce vehicles and then park them until the appropriate chips can be added, allowing them to be transported to dealers.