BERLIN/FRANKFURT/MUNICH (Reuters) - Germany's top corporate brass will join Chancellor Olaf Scholz when he visits China later this month, reflecting an ongoing dependence on the world's second-biggest economy despite efforts to spread exposure more.
BERLIN/FRANKFURT/MUNICH (Reuters) - Germany's top corporate brass will join Chancellor Olaf Scholz when he visits China later this month, reflecting an ongoing dependence on the world's second-biggest economy despite efforts to spread exposure more.
STUTTGART, Feb 22 Reuters reported that Mercedes-Benz on Thursday delayed its electrification goal by five years and assured investors it would keep sprucing up its combustion engine models, becoming the latest carmaker to flag a weaker-than-expected appetite for battery-powered cars. The company now expects sales of electrified vehicles, including hybrids, to account for up to 50% of the total by 2030 - five years later than its forecast from 2021, when it aimed to hit the 50% milestone by 2025 with mostly all-electric cars.
By Victoria Waldersee STUTTGART (Reuters) – Mercedes-Benz expects lower returns on sales across its cars and vans division this year, it said on Thursday, flagging “exceptional” uncertainty caused by conflict in the Middle East and Ukraine and tensions between China and the U.S. Supply chain bottlenecks for critical components remained “a significant risk factor”, while…
Mercedes-Benz expects lower returns on sales across its cars and vans division this year, it said on Thursday, flagging "exceptional" uncertainty caused by conflict in the Middle East and Ukraine and tensions between China and the U.S. Supply chain bottlenecks for critical components remained "a significant risk factor", while the potential for an "even more pronounced" slowdown in economic growth could also have an impact on automotive markets, the group said in a statement. Electrified vehicle sales, including hybrids, were expected to remain at approximately 19-21% of sales, Mercedes-Benz said, in line with reports across the industry of slower growth in EV demand.