BMW says chip shortage, raw material prices to hit 2H

BMW has so far been relatively less affected by the global chip shortage that some of its peers across the auto industry.

LONDON: BMW raised its profit forecast for 2021 on Tuesday after strong quarterly results, but said the global semiconductor chip shortage and rising raw materials prices would hurt its performance in the second half of the year.

BMW has so far been relatively less affected by the global chip shortage that some of its peers across the auto industry, which has been attributed to its strong relations with its supplier base.