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Daimler increases profit despite the slump in sales

2021-10-29T05:44:32.821Z


The car and truck manufacturer Daimler coped well with the slump in sales in the third quarter. The chip crisis left its mark on sales, but the profit attributable to the shareholders was still generous at 2.47 billion euros. This corresponds to an increase of 21 percent compared to the same period last year, as the company announced on Friday. At 40.1 billion euros, sales were slightly below the previous year's figure.


The car and truck manufacturer Daimler coped well with the slump in sales in the third quarter. The chip crisis left its mark on sales, but the profit attributable to the shareholders was still generous at 2.47 billion euros. This corresponds to an increase of 21 percent compared to the same period last year, as the company announced on Friday. At 40.1 billion euros, sales were slightly below the previous year's figure.

Stuttgart - "We are staying on course to achieve our goals for the year as a whole," said CFO Harald Wilhelm.

The operating profit “increased despite a challenging environment”.

Like most car manufacturers, Daimler suffers from the current global shortage of chips and has recently had to cut back on production again and again.

In the third quarter, for example, the Group's car brand, Mercedes-Benz, sold a good 30 percent fewer cars; including commercial vehicles, the decline was around a quarter.

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It should go public this year.

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Daimler Truck produces electric trucks in series

The commercial vehicle manufacturer Daimler Truck will start production of its first electric series truck this Thursday in Wörth, Rhineland-Palatinate.

The eActros has three or four battery packs and a range of up to 400 kilometers, the company announced on Monday in Stuttgart.

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Tesla defies chip shortages

How many cars a manufacturer can sell currently depends heavily on how well they master the global chip crisis.

Tesla is setting a delivery record.

Tesla defies chip shortages

However, Daimler was able to compensate for this to a certain extent by giving high-yield vehicles priority for chip supply.

The expensive top models such as the S-Class and the group's electric cars were therefore able to grow.

dpa

Source: merkur

All news articles on 2021-10-29

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