GM says unfinished cars damage quarterly results

General motors Co. said they built around 95,000 vehicles without certain semiconductors and other parts and had to put the cars aside instead of sending them to dealers, which weighed on the results for the second quarter.

The company said that the hit to wholesale vehicle deliveries hit the net profit in the second quarter, which it now expects to be between $ 1.6 billion and $ 1.9 billion, below Fact set estimated at $ 2.46 billion.