Go ev --go broke.....Meanwhile in the real world...
Mercedes-Benz to invest $22.5 billion to keep combustion engines alive
New family of petrol and diesel engines will be designed to last well into next decade as EV demand stalls
Mercedes-Benz will invest an incredible €14 billion ($A22.5b) to keep the internal combustion engine (ICE) alive.
Speaking to German publication WirtschaftsWoche, Mercedes-Benz Group CEO Ola Källenius said he now expected ICE-powered technology to “last well into the 2030s.
He said most of the money will be spent developing “high-tech combustion technology”, suggesting the German brand will develop a new ICE family fit for the future.
It’s likely the engines will be electrified, while Källenius confirmed Mercedes would continue to invest in both petrol and diesel powerplants.
The German luxury car-maker was planning to become an all-EV brand by 2030, but those plans are thought to have been shelved.
Go ev --go broke.....Meanwhile in the real world......
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