Daimler Q3 posts higher profit despite chip shortage

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The German premium carmaker posted a quarterly operating profit of 2.6 billion euros ($3 billion), up 18% from 2.2 billion euros for the same period in 2020. The company’s revenue was almost flat at 40.1 billion euros versus 40.3 billion in the third quarter of 2020.

($1 = 0.8573 euros)