BMW is the latest car manufacturer to warn of production problems due to the global chip shortage
BMW has warned of production problems due to the global chip shortage
BMW has become the latest car maker to warn of production problems due to the global chip shortage.
It reported strong results, with earnings surging to £4.2 billion in the second quarter of the year.
But chief financial officer Nicolas Peter said: ‘The longer the supply bottlenecks last, the more tense the situation is likely to become. We expect production restrictions to continue in the second half of the year and hence a corresponding impact on sales volumes.’
The cautious tone has been replicated by rivals. Last week Volkswagen also warned of worsening supply woes, while Daimler dialled back its delivery expectations due to the shortage.