Investors Focused On German Carmakers

  • 3 years ago
As German automakers release their earnings this week, investors will be watching to see the extent of the global chip shortage. Scarcity in the market is increasing, pushing German carmakers to produce 35% fewer cars than they did before the pandemic began. As a result, sales of Volkswagen ($VWAGY@Germany), Daimler ($DMLRY@Germany), and BMW ($BMWYY@Germany)—along with their related brands—are suffering. Investors, then, are asking themselves, “how much worse can the chip shortage get?” Volkswagen and Daimler stock remained level early on Monday while BMW stock rose over 1 and a half percent.