|Bid||85.32 x 0|
|Ask||85.44 x 0|
|Day's Range||83.46 - 86.76|
|52 Week Range||54.90 - 91.43|
|Beta (5Y Monthly)||1.60|
|PE Ratio (TTM)||6.70|
|Forward Dividend & Yield||1.35 (1.62%)|
|Ex-Dividend Date||Apr 01, 2021|
|1y Target Est||N/A|
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Daimler (DDAIF) and Stellantis (STLA) rev up their EV game plan with the decision to make a strategic investment in solid-state battery maker Factorial Energy.
Daimler Truck Chief Martin Daum expects the global chip shortage to hit revenues by several billion euros this year and sees the problem continuing into next year, Automobilwoche reported on Sunday. The world's largest commercial vehicle maker, to be spun off from Daimler on Dec. 10, has outlined cost-cutting measure aimed at boosting profit margins as it struggles with chip shortages hurting the entire sector. Daum said there would be a significant financial hit.
Whether buying computer chips directly from manufacturers, reconfiguring cars, or producing them with parts missing, automakers are having to get creative to cope with the global shortage of semiconductors. The shortage, due to supply problems and a surge in demand for consumer electricals during the pandemic, has hit the auto industry hard, with millions of vehicles worldwide not being produced because important parts are missing. With the problem lasting longer than initially expected, manufacturers including Daimler and Volkswagen have had to rethink production strategies.