BERLIN: German luxury carmaker Daimler said on Thursday it expected significantly lower third-quarter sales at its Mercedes unit due to a global semiconductor shortage, becoming the latest in a string of automakers to take a hit to revenues.
Automakers from U.S. group General Motors to India's Mahindra have slashed output and sales forecasts due to scarce chip supplies, made worse by a COVID-19 resurgence in key Asian semiconductor production hubs.
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