The Washington Post

ALSO I N BUSINESS

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General Motors’

second-quarter net income fell 40 percent from a year ago as computer chip and parts shortages hobbled factory output and drove the company’s U.S. sales down more than 15 percent. The Detroit automaker earned $1.67 billion from April through June, in part because it couldn’t deliver 95,000 vehicles because they were built without one part or another. A year ago, it made $2.79 billion. GM expects full-year sales to dealers to rise 25 percent to 30 percent over last year as the supply of semiconduc­tors improves.

Volkswagen began production

of its first electric vehicle assembled in the United States at a Tennessee plant Tuesday. In a news release, the German automaker said it plans to ramp up production in Chattanoog­a of the ID.4 electric compact SUV to 7,000 cars per month in the fourth quarter of this year, with a goal of increasing that rate next year. VW says it is hiring more than 1,000 production team workers there through the end of the year. Volkswagen Chattanoog­a employs more than 4,000 people.

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