Salem Radio Network News Sunday, August 1, 2021

Business

Daimler says chip shortage will continue in second half of 2021

LONDON (Reuters) – Mercedes-Benz maker Daimler AG on Wednesday said that the global semiconductor chip shortage will continue to affect its business in the second half of 2020 and that its third-quarter car sales will be the same or below the second quarter.

The company also confirmed its second-quarter adjusted group earnings before interest and tax (EBIT) of 5.42 billion euros ($6.38 billion), with car and truck divisions beating analyst targets.

Daimler reported preliminary results last week.

($1 = 0.8495 euros)

(Reporting by Nick Carey, Editing by Douglas Busvine)

Previous
Next

Editorial Cartoons

View More »

Michael Ramirez
Fri, Jul 23, 2021

X CLOSE