Mercedes dumps EV production, page-4

  1. 14,237 Posts.
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    No nothing.

    MB just released their results where they announced a share buyback and forecast lower returns on sales across its car and van division in 2024.
    Inflation, component shortages eating into profit. Slow economic growth, and trade tensions between China and the US and EU also having an impact on sales.
    They also expect that it will take five years longer than previously forecast until their fleet of car and van offerings is 50% electric.
    Going from 2025 to 2030 so they will still be pursuing improvements to internal combustion engines with new models.

    https://www.reuters.com/business/autos-transportation/mercedes-benz-hits-cars-returns-forecast-inflation-supply-chain-costs-bite-2024-02-22/
 
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