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Mercedes-Benz to update combustion engine cars amid EV demand slowdown

By Victoria Waldersee STUTTGART (Reuters) -Mercedes-Benz on Thursday toned down expectations on electric vehicle demand and said it will update its combustion engine lineup well into next decade, becoming the latest carmaker to flag a slower than expected appetite for battery-powered cars. The company now expects sales of electrified vehicles, including hybrids, to account for…

Ola kaelleniusEuropean union

Mercedes-Benz says plug-in hybrids to stay relevant amid EV demand slowdown

Mercedes-Benz says plug-in hybrids to stay relevant amid EV demand slowdown
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Sachsen anhaltOla kaelleniusMiddle eastChief executive ola kaellenius

Mercedes-Benz to beef up combustion engine cars amid EV demand slowdown

By Victoria Waldersee STUTTGART (Reuters) -Mercedes-Benz on Thursday toned down expectations on electric vehicle demand and said it will update its combustion engine lineup well into next decade, becoming the latest carmaker to flag a slower than expected appetite for battery-powered cars. The company now expects sales of electrified vehicles, including hybrids, to account for…

Ola kaelleniusJan harveyChristoph steitzJoe whiteMiranda murrayMuralikumar anantharamanEuropean unionVictoria waldersee

Mercedes profits hit by inflation, supply chain snags in 2023

German luxury carmaker Mercedes-Benz felt the effects of higher costs in 2023 as a result of inflation and supply chain disruptions. Revenue increased by 2% over the previous year to €153.2 billion ($166.4 billion), the Stuttgart-based company reported on Thursday. However, earnings before interest and taxes adjusted for special effects fell by 3% to €20 billion. Consolidated net profit fell by just under 2% to €14.5 billion. Nevertheless, shareholders are to receive a dividend per share increas

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Mercedes-Benz says plug-in hybrids to stay relevant amid EV demand slowdown, ET Auto

Mercedes-Benz: 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.

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