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A shortage of chips that will generate billions of dollars in revenue for Daimler trucks

© Reuters. File Photo: The Daimler logo can be seen before the automaker’s annual shareholders meeting in Berlin, Germany, on April 5, 2018. REUTERS / HannibalHanschke / File Photo

Berlin (Reuters)-Daimler (OTC :) truck chief Martin Daum expects global chip shortages to reach billions of euros this year, and problems will continue next year, Automobilwoche reports Sunday. rice field.

The world’s largest commercial vehicle maker, which spins off from Daimler on December 10, is suffering from a shortage of chips that will hurt the entire sector, so it outlines cost-cutting measures aimed at increasing profitability.

Daum said there would be a serious financial blow.

“That’s a huge amount of money,” Daum told Automobilwoche that the company sells less than “mid-five-digit” vehicles.

According to Automobilwoche, the average price per vehicle is € 100,000 ($ 113,170), which means a loss of billions of euros in revenue.

“Many vehicles in the factory are missing only one part. These deliveries are a priority as they are already on sale,” Daum said.

He also told Automobilwoche that supply problems are likely to continue in 2022.

($ 1 = 0.8836 euros)

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A shortage of chips that will generate billions of dollars in revenue for Daimler trucks

https://www.investing.com/news/stock-market-news/chip-shortage-to-cost-daimler-truck-billions-in-revenues–automobilwoche-2692100 A shortage of chips that will generate billions of dollars in revenue for Daimler trucks

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