Adler Pelzer, a specialist in trim and acoustics, said the acquisition would give it access to key customers such as Renault-Nissan and Stellantis. The division had revenue of $465 million in 2019.
Daimler expects to recover production lost to chip shortage amid bullish outlook for 2021
Bottlenecks causing a shortage of semiconductor chips will hurt sales mostly in the first quarter but profit will be “significantly higher” this year, the automaker said.
Kia is struggling with a multi-day network outage that has hampered dealers’ ability to order new cars and parts while cutting off consumers from key functions.