BMW raised its profit forecast for 2021 on Tuesday after strong quarterly results, but warned that the global semiconductor chip shortage and rising raw materials prices would impact its performance in the second half of the year.
"Our performance has benefited from strong customer demand during the first half of the year, enabling us to achieve significant growth," Chief Executive Oliver Zipse said in a statement."However, in light of a number of prevailing risks, including raw materials prices and a shortage of semiconductors, the second six-month period is likely to be more volatile for the BMW Group"
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