mercedes Benz are pulling back on EV investment
https://www.wionews.com/autonews/me...rategy-amidst-ev-market-challenges-738871/amp
Mercedes-Benz is preparing for a major product overhaul in the next two to three years, following the underperformance of its initial generation of electric vehicles (EVs). This strategic pivot includes renewed investment in its high-margin, fuel-burning vehicles, reflecting customer preferences for advanced combustion-engine cars. Chief Executive Officer Ola Källenius emphasised the need for flexibility well into the 2030s, while maintaining the company’s commitment to carbon neutrality by 2039.
Good News & Bad News, page-44186
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