Company is benefiting from strong consumer demand, high prices for new vehicles and more stability in supplies of semiconductors.
Posco Chemical has signed a nonbinding term sheet to create the joint venture
Automaker will seek outside partners to fund expansion
Automaker lost 30% of planned production due to chips supply crisis
The automaker produced 512,765 vehicles last month, down from 841,915 a year earlier
CEO Mary Barra says GM is still on track to meet its annual profit goal.
Revenue slips 4.8 percent to $35.7 billion; quarterly cash dividend to be restored.
Plea deal could include financial penalties totaling between $250 million and $300 million, sources said.
Setback comes as automaker is under regulatory scrutiny over its semi-autonomous driving technology
Investors will listen carefully to what GM's Mary Barra and Ford's Jim Farley say about how long they can protect profits from supply-chain storms.
The losses are increasing from a year ago due to 'significant labor and overhead costs' for its plant in Normal, Ill.
Steve Carlisle, GM's North American chief executive: 'We've made great progress'
Mirafiori plant will be center for electrification
Some of the plant's roughly 340-person work force went on strike last month. A ZF spokesman said only a "small fraction" were involved.
The supplier now expects 2021 net sales in the range of $15.1 to $15.5 billion, down from its previous target of $16.1 to $16.4 billion.