Daimler Truck to prioritise investment over profit once margin target reached

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“The fact that we still exist is due to two things: because the company has always made money, and there were hard times in between, and secondly, because we always invested in the future,” Daum said, speaking to journalists hours after the company was listed on Frankfurt Stock Exchange.

CFO Jochen Goetz added that although he hoped the worst of the chip supply chain crisis had passed in the third quarter of this year, uncertainty on the issue would continue to have “serious consequences” for Daimler Truck into 2022.

Daum told German newspaper Automobilwoche last month the company would sell a “mid five-digit number” fewer vehicles than it could have because of lacking chips, resulting in several billion euros in lost revenues.