Daimler

VW, Ford, Daimler fear chip shortage could persist for some time

Technicians work in the assembly line of German carmaker Volkswagen’s electric ID. 3 car in Dresden, Germany, June 8, 2021.

Matthias Rietschel | Reuters

Car manufacturers including Ford, Volkswagen and Daimler are still struggling to deal with the impact of the global chip shortage, with executives from each of the companies warning a lack of silicon is likely to remain a problem.

Volkswagen CEO Herbert Diess, Daimler CEO Ola Kallenius and Ford Europe chairman of the management board Gunnar Herrmann told CNBC’s Annette Weisbach at the Munich Motor Show on Monday that it’s hard to tell when the complex issue will be resolved.

Germany’s Volkswagen, Europe’s largest carmaker, has lost market share in China as a result of the chip shortage, Diess said.

“We are relatively weak because of semiconductor shortages,” he said. “We are hit more in China than the rest of the world. That’s why we are

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Toyota Motor, Daimler, CNH Industrial and XPeng

For Immediate Release

Chicago, IL – July 16, 2021 – Today, Zacks Equity Research discusses Foreign Autos including Toyota Motor Corporation TM, Daimler AG DDAIF, CNH Industrial N.V. CNHI and XPeng Inc. XPEV.

Link: https://www.zacks.com/commentary/1761895/4-foreign-auto-stocks-braving-multiple-industry-headwinds

The prospects of Zacks Automotive – Foreign industry look bleak as the market is reeling under semiconductor supply shortfall. Various auto biggies across the globe are battling chip deficit, which is hindering their business operations and forcing them to idle production lines. Rising infections of delta variant in various key markets are adding to the woes.

Meanwhile, the electric vehicle (EV) market is growing prolifically, with advanced technology being leveraged more than ever before. Industry participants like Toyota MotorDaimlerCNH Industrial and XPeng are poised to fend off broader headwinds and witness long-term benefits amid rising EV popularity.

About the Industry

Companies in the Zacks Automotive – Foreign industry are involved in

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Daimler Designer Says Mercedes Is More Of A Lifestyle Brand Than Car Maker

Don’t worry, it’ll continue to build mostly cars.

Daimler is in the midst of an interesting process of reconstructing its business. Or, rather, restructuring its operations, which includes deeper ties with other manufacturers, rethinking of the Smart brand, and turning Mercedes-Benz into a much more than just a carmaker. In fact, Daimler’s lead designer believes the marque is already more of a lifestyle brand than an automaker.

In a recent Skype interview with Forbes‘ Nargess Banks, Daimler and Mercedes chief design officer Gorden Wagener provided details about the latter’s transition into a luxury lifestyle brand that offers a wide range of products, varying from small electric city cars to Maybach limousines. 

“I don’t see us as an automotive company so much but more of a lifestyle and luxury brand as our work goes way beyond cars,” Wagener said when asked to define the company he is working

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