Daimler Trucks Production Below Demand Due to Chip Shortage: CEO

Daimler Trucks Production Below Demand Due to Chip Shortage: CEO
A new Daimler AG, FUSO battery-powered eCanter urban delivery truck is unveiled during a news conference in New York on Sept. 14, 2017. Brendan McDermid/Reuters
Reuters
Updated:

BERLIN—Daimler Trucks CEO Martin Daum said the truckmaker, set to spin-off from Daimler in December, will continue to sell fewer vehicles than it could have in the coming year as chip shortages hamper production.

“We will certainly be delivering less than we could have sold, and that also applies to next year,” he said at a roundtable with journalists on Tuesday, echoing recent warnings from competitors like Traton that profits could fall in the second half due to supply chain issues.