April 13, 2024

Mercedes-Benz (MBG) Sees Lower Returns This Year on Slowing Global Economy

Mercedes-Benz Group AG warned that electric vehicles will remain more expensive than their combustion-engine siblings for years to come as the luxury-car maker braces for cooling demand for cars with a plug.

The manufacturer on Thursday forecast lower returns in 2024, citing challenges from a slowing economy. Mercedes also pared back its outlook for EV sales, with demand mainly in the small and medium segments where it’s not as present.

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