said rising raw materials prices and inflationary pressures could weigh into its second quarter, but the truckmaker expected to continue passing high costs to customers amid record levels of demand.
"We are not increasing prices just for the sake of profit, but pure necessity," Goetz said. "If raw materials fall back to the level we had 1.5 years ago, pricing would go down again."Semiconductor supply bottlenecks were the main cause of inventory backlogs, Goetz said, with chips being shuffled between regions to accommodate orders.
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