Semiconductor shortage hits BMW sales in third quarter

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Upmarket German carmaker BMW saw third-quarter production hit by the semiconductor shortages experienced by most major manufacturers, but was nevertheless able to sell 593,000 cars from its three brands. The supply situation was likely to remain tight, so “effects on sales cannot be ruled out over the months ahead,” BMW said in Munich on Thursday. Apart from cars with the BMW badge, the company also makes Mini and Rolls-Royce cars. The total came in down 12 per cent down on the same period last year, whereas competitor Mercedes-Benz has posted a fall of as much as 30 per cent for the same peri…

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