Hyperdrive

Mercedes Draws Up Electric Maybach to Defend Luxury Position

  • Daimler CEO says capital expenditure set to decline this year
  • Auto industry faces shakeout during pandemic, e-car shift
Daimler CEO Ola Kallenius speaks with Bloomberg’s Matthew Miller in Stuttgart.(Source: Bloomberg)
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Mercedes-Benz wants its lineup of battery-powered cars to extend all the way up to ultra-luxury vehicles to help defend its high-end market position, where electric offerings remain scarce.