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EDITOR IN CHIEF- ABDULLAH BIN SALIM AL SHUEILI

Daimler CEO hopes to stabilise supply chain this quarter
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Daimler AG Chief Executive Ola Kaellenius said the automaker hopes to stabilise its supply chain for semiconductors during this quarter, but expects real relief from shortages of chips will not arrive until 2023.


Kaellenius, who is visiting Mercedes operations in the United States, said production of Mercedes vehicles during the fourth quarter will be lower than a year ago, which was an unusually strong quarter as the company began recovering from pandemic shutdowns.


“We cannot have 100 per cent certainty” about supplies of semiconductors, Kaellenius said.


— Reuters


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