Daimler says chip shortage will continue in second half of 2021 By Reuters

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© Reuters. FILE PHOTO: A Mercedes-Benz Vision AVTR concept vehicle is displayed during a media day for the Auto Shanghai show in Shanghai, China April 19, 2021. REUTERS/Aly Song

LONDON (Reuters) – Mercedes-Benz maker Daimler AG (DE:) on Wednesday said that the global semiconductor chip shortage will continue to affect its business in the second half of 2020 and that its third-quarter car sales will be the same or below the second quarter.

The company also confirmed its second-quarter adjusted group earnings before interest and tax (EBIT) of 5.42 billion euros ($6.38 billion), with car and truck divisions beating analyst targets.

Daimler (OTC:) reported preliminary results last week.

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