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2021-07-21

Daimler Cuts Mercedes-Benz Sales Outlook on Chip Shortage

Daimler AG lowered the sales outlook for its main Mercedes-Benz luxury-car division amid a persisten

Daimler Cuts Mercedes-Benz Sales Outlook on Chip Shortage

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Facing limitations on just how many assembly lines they can keep running, automakers are prioritizing output of their biggest money makers and abstaining from discounts customers are accustomed to even from luxury brands.</p>\n<p>Despite the chip shortage, second-quarter revenue came in better than analysts expected, climbing to 43.5 billion euros ($51.2 billion). Earnings before interest and taxes surged to 5.19 billion euros, the company said, confirmingpreliminary numbersreleased last week. Profit margin at the cars and vans division reached double digits for a third straight quarter.</p>\n<p>Daimler hadforecastin April that its main Mercedes-Benz unit will be more profitable than it’s been in years, thanks to resurgent vehicle demand in the midst of the pandemic. At the time, it raised its projection for annual return on sales for its cars and vans division to 10% to 12%, up from 8% to 10%.</p>\n<p>The Stuttgart-based manufacturer plans to spin off its sprawling truck division later this year. Mercedes-Benz will update investors on plans for battery technology and its growing lineup of electric vehicles on Thursday.</p>\n<p>Mercedes this year revved up its EV rollout with the newEQS sedan, the battery-powered sibling to its flagship S-Class, as traditional carmakers broaden their attack onTesla Inc.The company will bemakingeight fully electric cars on three continents next year. It flanked the EQS with the compact EQA and plans to unveil the electric version of its bestselling E-Class sedan later this year.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Daimler Cuts Mercedes-Benz Sales Outlook on Chip Shortage</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDaimler Cuts Mercedes-Benz Sales Outlook on Chip Shortage\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-21 13:50 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-07-21/daimler-cuts-mercedes-benz-sales-outlook-on-chip-shortage><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Daimler AG lowered the sales outlook for its main Mercedes-Benz luxury-car division amid a persistent global semiconductor shortage that’s hampered vehicle production.\nThe German carmaker now sees ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-07-21/daimler-cuts-mercedes-benz-sales-outlook-on-chip-shortage\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"DMLRY":"Mercedes Benz Group AG","VLKAF":"Volkswagen AG"},"source_url":"https://www.bloomberg.com/news/articles/2021-07-21/daimler-cuts-mercedes-benz-sales-outlook-on-chip-shortage","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1145126756","content_text":"Daimler AG lowered the sales outlook for its main Mercedes-Benz luxury-car division amid a persistent global semiconductor shortage that’s hampered vehicle production.\nThe German carmaker now sees full-year unit shipments at the prior-year level, from significantly above last year’s level previously, it said Wednesday in a statement.\n“The entire industry is currently struggling with longer delivery times, which unfortunately also affect our customers,” Chief Executive Officer Ola Kallenius said. “We are doing what we can to minimize the impact.”\nRivals from Volkswagen AG to Jeep maker Stellantis NVcoped with the scarcity of chips better than initially feared, but warned the issue may weigh on earnings in the second half of this year. Facing limitations on just how many assembly lines they can keep running, automakers are prioritizing output of their biggest money makers and abstaining from discounts customers are accustomed to even from luxury brands.\nDespite the chip shortage, second-quarter revenue came in better than analysts expected, climbing to 43.5 billion euros ($51.2 billion). Earnings before interest and taxes surged to 5.19 billion euros, the company said, confirmingpreliminary numbersreleased last week. Profit margin at the cars and vans division reached double digits for a third straight quarter.\nDaimler hadforecastin April that its main Mercedes-Benz unit will be more profitable than it’s been in years, thanks to resurgent vehicle demand in the midst of the pandemic. At the time, it raised its projection for annual return on sales for its cars and vans division to 10% to 12%, up from 8% to 10%.\nThe Stuttgart-based manufacturer plans to spin off its sprawling truck division later this year. Mercedes-Benz will update investors on plans for battery technology and its growing lineup of electric vehicles on Thursday.\nMercedes this year revved up its EV rollout with the newEQS sedan, the battery-powered sibling to its flagship S-Class, as traditional carmakers broaden their attack onTesla Inc.The company will bemakingeight fully electric cars on three continents next year. It flanked the EQS with the compact EQA and plans to unveil the electric version of its bestselling E-Class sedan later this year.","news_type":1},"isVote":1,"tweetType":1,"viewCount":426,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":2,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}