- Daimler Truck Holding AG (OTC:DTRUY) head Karin Radstrom, in an interview with Bloomberg, acknowledged seeing chip crisis recovery signs. Her comments mirrored with Mercedes Benz Group AG (OTC:DMLRY) production chief Joerg Burzer's recent similar assessment.
- Radstrom added that the factories are busy with backlog orders after months of outages due to chip component shortfalls.
- The order backlog comes at a time of weakness in the global economy.
- Radstrom also said there is positive momentum in truck manufacturing amid growing weakness in the global economy, despite being a highly cyclical sector.
- Also Read: Semiconductor Chip Crisis To Cost $210B In Auto Revenue Loss
- Daimler also successfully manage to dodge disruption from China's Covid lockdowns.
- Daimler Truck had to slash output despite booming demand for transport due to the global crisis.
- Previously, the U.S. government sought more supply chain transparency from the semiconductor companies to counter the global chip crisis.
- The semiconductor crisis has forced auto companies like Ford Motor (NYSE: F) and General Motors (NYSE:GM) to opt for production cuts as chipmakers were lured by the Covid-19 pandemic fueled demand for smartphones and computers.
- Photo via Wikimedia Commons
