Reuters

Daimler sees Q3 hit to Mercedes sales from chip shortage

BERLIN (Reuters) -German luxury carmaker Daimler said on Thursday it expected significantly lower third-quarter sales at its Mercedes unit due to a global semiconductor shortage, becoming the latest in a string of automakers to take a hit to revenues.Automakers from U.S. group General Motors to India’s Mahindra have slashed output and sales forecasts due to scarce chip supplies, made worse by a COVID-19 resurgence in key Asian semiconductor production hubs. “With the plant closings at semiconductor suppliers in Malaysia and elsewhere, the challenge has now become even greater, so that our sales in the third quarter will probably be noticeably below the second quarter,” Daimler CEO Ola Kaellenius told the Automobilwoche weekly in an interview. Daimler was not immediately available for comment.

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