Hyperdrive
Daimler Slashes Car-Sales Outlook as Chips Wipe Out Growth
- Semiconductor shortage to weigh on business in the second half
- Second-quarter revenue surged 44%, exceeding estimates
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Daimler AG said early-year growth for its main Mercedes-Benz division will be erased by the global semiconductor shortage that the luxury-car maker expects to put a damper on the second half.
Mercedes car sales are now expected to be roughly flat this year rather than up significantly from 2020. The lack of chips will have an adverse impact on the business as the year progresses and visibility on how supply will develop is low, Daimler said Wednesday.