Sectors News Results

  • Renault Expects Tough 3Q on Semiconductors

    By François Schott and Kim Richters. Renault SA (RNSDF) said Monday that it anticipates a "very difficult" third quarter on the semiconductor-shortage front, before an improvement in the last three months of the year. The French car maker said in July that the shortage of electronic components could cut 2021 production by 200,000 vehicles.

  • Daimler Confirms 2021 Guidance But Expects Lower Mercedes-Benz Cars Sales

    Daimler AG (DDAIF) on Wednesday confirmed its revenue and earnings guidance for 2021, but said the semiconductor shortage will continue to affect its business and hit car sales this year. For 2021, Daimler said it continues to expect group revenue and earnings before interest and taxes significantly above prior-year level. However, it said sales at its Mercedes-Benz Cars business will continue to be affected by the semiconductor shortage, with third-quarter unit sales in the range...

  • Stellantis Expects Strong First-Half Margins

    Stellantis NV (STLA) expects to post strong margins for the first half of the year but warned that production volumes below planned levels will hit its cash flows. The auto maker, created through the merger of Fiat Chrysler Automobiles NV and Peugeot SA, said that adjusted operating income margins in the first half of the year should be above the full-year margin guidance range of 5.5% to 7.5%. This result comes thanks to positive pricing and product mix and despite lower-than-expected...

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