Daimler posts higher profits in Q3 despite chip crunch

Daimler AG

Daimler AG on Friday reported a higher quarterly net profit despite a global semiconductor chip shortage that has pummeled the auto industry.

The German premium carmaker posted a quarterly operating profit of 2.6 billion euros ($3 billion), up 18% from 2.2 billion euros for the same period in 2020.

The company’s revenue was almost flat at 40.1 billion euros versus 40.3 billion in the third quarter of 2020.

Daimler AG

Share:

Leave a Reply

Your email address will not be published. Required fields are marked *