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An incomplete GMC Hummer EV at a factory in Detroit in August 2021. Photo: Bill Pugliano/Getty Images

General Motors will temporarily shut down eight of its 15 North American assembly plants for a week starting Monday because of a worsening global microchip shortage, according to ABC News.

Why it matters: The coronavirus pandemic and other disasters have disrupted supply chains for semiconductors, which are crucial for thousands of computer-controlled systems in new vehicles.

  • The shortage has forced GM to reallocate the chips it does have to a small number of plants that produce the company's most popular and profitable vehicles, such as its SUVs and pickups, according to CNN.

The big picture: The chip shortage has caused new vehicle inventory to fall, leading to higher prices that fuel inflation, Axios' Felix Salmon reports.

  • Relief for automakers and other producers that require semiconductors appears to be on the horizon as chip producers ramp up production to meet demand.

Go deeper: Carmakers’ chip shortage that caused prices to soar may be ending

Go deeper

Era of depletion and disruption

Illustration: Sarah Grillo/Axios

Whatever it is you might want or need — at work, at play or at home — you’re going to have to wait.

Why it matters: There is simply no escaping the complex web of labor, product and service shortages unleashed by the pandemic, and this era of disruption is nowhere close to ending.

Ben Geman, author of Generate
6 hours ago - Energy & Environment

Key clean power provision likely won't survive in Dems' spending bill

A construction worker walks along a dirt road at the Avangrid Renewables La Joya wind farm in Encino, New Mexico, on Aug. 5, 2020. Photo: Cate Dingley/Bloomberg via Getty Images

A pillar of Democrats' plans to speed deployment of zero-carbon electricity is likely to be cut from major spending and tax legislation they are struggling to move on a party-line vote, per multiple reports and a Capitol Hill aide.

Driving the news: The New York Times, citing anonymous congressional aides and lobbyists, reports that West Virginia Sen. Joe Manchin (D) has told the White House he "strongly opposes" the Clean Electricity Performance Program.

Updated 8 hours ago - World

Fatal stabbing of British MP David Amess declared a terrorist incident

Police outside Belfairs Methodist Church in Leigh-on-Sea, England, on Oct. 15. Photo: John Keeble/Getty Images

Authorities have declared the death of David Amess a terrorist incident, hours after the Conservative Party lawmaker in the U.K. was fatally stabbed while meeting with local constituents in a church in eastern England on Friday.

The big picture: The Metropolitan Police has found "a potential motivation linked to Islamist extremism."