Daimler Truck cuts production at some locations over chip shortage

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FRANKFURT (Reuters) – Daimler (OTC:DDAIF) Truck, the world’s largest truckmaker, on Monday said it was curbing production at some of its German factories due to a shortage of critical semiconductors.

The company, which was spun off from Mercedes-Benz last year, said it was suspending production in some areas at its Mannheim site in March and at its Gaggenau plant in April, without being more specific.