Daimler sees chip shortage dragging on into 2022 – Reuters
- Date: 21-Jul-2021
- Source: Reuters
- Sector:Economy
- Country:Middle East
Daimler sees chip shortage dragging on into 2022 – Reuters
LONDON, July 21 (Reuters) - A global shortage of semiconductor chips will dent car sales in the second half of 2021 and will extend into 2022, Daimler AG (DAIGn.DE) said on Wednesday, but the maker of Mercedes-Benz vehicles left unchanged its profit margin outlook for this year.
Along with other carmakers, Daimler cut back production this year because of a chip shortage during the coronavirus pandemic, prompting the German company to focus on higher-margin models.
Chief Financial Officer Harald Wilhelm told investors that although the chip shortage would last into 2022, it would be less severe than this year.
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