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Daimler expects to recover production lost to chip shortage by year end

LONDON, Feb 18 (Reuters) - German carmaker Daimler AG said on Thursday that bottlenecks causing a shortage of semiconductor chips will hurt its sales mostly in the first quarter, but it will make up for lost production by the end of 2021.

The automaker also confirmed its preliminary financial results for 2020 and said economic conditions in it key markets should continue to return to normal and that it expects no further setbacks as a result of the coronavirus pandemic. (Reporting By Nick Carey; Editing by Kim Coghill)

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