MUNICH: Soaring demand for semiconductor chips means the auto industry could struggle to source enough of them throughout next year and into 2023, though the shortage should be less severe by then, Daimler AG's CEO said on Sunday.
"Several chip suppliers have been referring to structural problems with demand," Ola Källenius told reporters during a roundtable event ahead of the Munich IAA car show."This could influence 2022 and may be more relaxed in 2023."Daimler said last week it expected significantly lower third-quarter sales at its Mercedes unit due to a global semiconductor shortage, becoming the latest in a string of automakers to take a hit to revenues.
As part of its plans to electrify its model range, Mercedes-Benz will show off several fully electric vehicles at the show in Munich.
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