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Wednesday, 21 July 2021 20:29

Semiconductor Shortages Halt BMW, Daimler Production Lines

Written by Joey Klender, Teslarati

Index

...assembly lines at the company’s plant in Sindelfingen. This plant is responsible for producing the all-electric Mercedes-Benz EQS, and the assembly lines for this vehicle were affected by a chip supplier shutdown in Malaysia, the New York Times reported.

 

Daimler’s financial status did not take a hit from the decrease in production or the chip shortage. The automaker reported a net profit of $4.37 million during its Q2 2021 Earnings results, a far cry from the $2.25 million it lost during Q2 2020.

 

We thank Teslarati for reprint permission.

 

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