Published on: Wednesday, August 04, 2021
By: AFP
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While the newest cars require more chips, so do the latest consumer gadgets. (Image: Angel Garcia/Bloomberg)
FRANKFURT: German car giant BMW posted record profit of 4.8 billion euros for the second quarter on Tuesday, but warned the second half of the year would “likely” be affected by semiconductor shortages.
The Bavarian company has so far been able to make up for a global lack of supply in this essential component but will now start to feel the effects.
“The longer the supply bottlenecks last, the more tense the situation is likely to become,” the financial director Nicolas Peter said in a press release.