BRIEF-Dana Exec Says Co Remains Cautious On Outlook Due To Semiconductor Shortage, Which Is Impacting Many Major OEMs Around The World - Conf Call
Reuters
4/28/2021
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* DANA EXEC SAYS HEAVY VEHICLE MARKET CONTINUES TO BE STRONG, PARTICULARLY IN NORTH AMERICA
* DANA EXEC SAYS SEA CONTAINER SHORTAGE HAS IMPACTED GLOBAL SUPPLY CHAINS RESULTING IN SHIPPING DELAYS, BOTTLENECKS AT PORT FACILITIES AND INFLATED FREIGHT PRICES
* DANA EXEC SAYS HOTSPOTS LIKE BRAZIL AND INDIA ARE PUTTING ADDED PRESSURE ON AN ALREADY CHALLENGED SUPPLY CHAIN
* DANA EXEC SAYS IN Q1 HEAVY VEHICLE DEMAND ACCELERATED AND LIGHT VEHICLE DEMAND WAS NEGLIGIBLY IMPACTED BY THE CHIP SHORTAGE