Berlin — German car parts maker Continental said on Tuesday it expected to return to net profit in 2021 despite a microchip shortage that is expected to drag on for months, after reporting a full-year net loss of nearly €1bn.
The world's second-largest automotive supplier is feeling the impact of the chip shortage, which has forced global vehicle makers to shut assembly lines, especially in the first quarter, CEO Nikolai Setzer said on a call after reporting 2020 results...
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