Mercedes to Roll Out New Model Offensive After EV Missteps
- Automaker boosts spending on high-tech combustion-engine cars
- CEO flags potential to sell €10.5 billion Daimler Truck stake
This article is for subscribers only.
Mercedes-Benz Group AG is gearing up for a near-record slew of new models after its first generation of battery-powered cars fell short.
The product offensive over the next two to three years will also see the S-Class maker pivot to spending more on its lucrative lineup of fuel-burning vehicles. Top-level buyers, in particular, “keep reaching for our high-tech combustion-engine cars,” Chief Executive Officer Ola Källenius said in an interview.