Automakers

Daimler cuts car-sales outlook on chip shortage

Mercedes A-Class production Rastatt wheel
A worker installs a wheel on a Mercedes A-Class car at the company's factory in Rastatt, Germany. (Kai Pfaffenbach/REUTERS)
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By:
Bloomberg
July 21, 2021 06:50 AM

Daimler said early-year growth for its main Mercedes-Benz division will be wiped out by the global semiconductor shortage that the automaker expects to put a damper on the second half.

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