Daimler Posts Q2 Profit; Sees Significantly Higher FY21 Results, Despite Chip Shortage

German automaker Daimler AG reported Wednesday a profit in its second quarter, compared to last year's loss, with strong volume growth across all divisions. Looking ahead, Daimler anticipates revenue and EBIT in 2021 to be significantly above the prior year's level. Meanwhile, worldwide shortage of supply of semiconductor components will affect the business also in the second half of the year.