|Bid||85.69 x 250000|
|Ask||85.70 x 250000|
|Day's range||83.54 - 86.00|
|52-week range||54.30 - 91.52|
|Beta (5Y monthly)||1.62|
|PE ratio (TTM)||11.73|
|Forward dividend & yield||1.35 (1.88%)|
|Ex-dividend date||01 Apr 2021|
|1y target est||N/A|
Daimler Truck Chief Martin Daum expects the global chip shortage to hit revenues by several billion euros this year and sees the problem continuing into next year, Automobilwoche reported on Sunday. The world's largest commercial vehicle maker, to be spun off from Daimler on Dec. 10, has outlined cost-cutting measure aimed at boosting profit margins as it struggles with chip shortages hurting the entire sector. Daum said there would be a significant financial hit.
Whether buying computer chips directly from manufacturers, reconfiguring cars, or producing them with parts missing, automakers are having to get creative to cope with the global shortage of semiconductors. The shortage, due to supply problems and a surge in demand for consumer electricals during the pandemic, has hit the auto industry hard, with millions of vehicles worldwide not being produced because important parts are missing. With the problem lasting longer than initially expected, manufacturers including Daimler and Volkswagen have had to rethink production strategies.
Daimler's China sales will stay strong next year, the carmaker's China chief said on Thursday, adding he was confident that Mercedes-Benz could grow its share of the country's electric vehicle market given little competition in the premium car segment. Its car sales in China jumped 12% last year to a record 774,000 despite the pandemic, and over 8% growth has been registered this year so far, Hubertus Troska told journalists. "Everything speaks for the fact that China will be a super market next year as well," Troska said.