Hyperdrive
Mercedes Beats as Rising Prices Bolster Earnings
- Luxury-car maker benefits from rising prices for its cars
- Supply-chain issues, China lockdowns still weigh on sales
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Mercedes-Benz AG expects healthy auto returns this year as the German luxury-car maker navigates persisting supply-chain snarls by raising prices for its top-end models.
Mercedes shipped fewer cars in the first quarter yet auto revenue climbed 8% -- largely because of rising sticker prices and shifting output to higher-margin models including its flagship S-Class sedan and G-Class sport utility vehicle. The company now sees carmaking returns at the higher end of its guidance.