|Bid||0.00 x 250000|
|Ask||0.00 x 250000|
|Day's Range||81.44 - 82.83|
|52 Week Range||43.35 - 83.93|
|Beta (5Y Monthly)||1.62|
|PE Ratio (TTM)||11.24|
|Forward Dividend & Yield||1.35 (1.88%)|
|Ex-Dividend Date||Apr 01, 2021|
|1y Target Est||N/A|
Daimler AG Chief Executive Ola Kaellenius told Reuters on Friday the automaker hopes to stabilize 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 percent certainty" about supplies of semiconductors, Kaellenius said.
With electric car sales soaring and regulations increasingly favouring zero-emission vehicles, a flurry of announcements on Monday showed how the global auto industry has kicked into a higher gear as it races to speed past the fossil-fuel car era. As part of its own 30 billion euro ($34.7 billion) electrification plan Stellantis - born out of a merger of PSA and Fiat Chrysler earlier this year - said it had entered a preliminary agreement with battery maker LG Energy Solution to produce battery cells and modules for North America, where the world's No. 4 automaker expects more than 40% of its U.S. sales will be electric vehicles (EVs) by 2030. That follows a recent announcement that Daimler AG will take a 33% stake in battery cell manufacturer Automotive Cells Company (ACC), founded in 2020 by Stellantis and TotalEnergies in 2020.
With Daimler's (DDAIF) truck division spin-off, the company plans to grow further and continue its dominance in alternative powertrains and automation.