The German company's forecast chimes with warnings across the industry of a challenging year ahead, with Germany's autos association predicting car sales this year will hit around 74 million vehicles globally, up 4% from last year but still 8% below pre-pandemic levels.
Mercedes-Benz pledged in 2020 to cut fixed costs, capital expenditure and research and development spending by more than 20% by 2025 from 2019 levels, a target it is still on track to meet despite inflation, Wilhelm said. Selling directly saves costs for the company and removes concerns for customers that they could get a better price at another dealer, he added.
Mercedes-Benz hit its forecast for a 13%-15% adjusted return on sales in the cars division, reporting a 14.6% margin for 2022 and a 28% rise in earnings across the group to 20.5 billion euros .
Dunno who is buying luxury items. The whole world is broke
But they won't build the vehicle I ordered in August 2021!! 😡 MercedesBenz
I love this car
Why doesn’t the media publish that Mercedes is a company started by Nazis? I used to want one until I found this out. Why do so many companies have Nazi ties? Who thought it was ok for these companies to continue on? Addis, puma bmw Mercedes who know who else 🤷♀️
The premium carmaker should pay more attention to plug-in hybrid (phev). Alternatives to GLE 550e should be supplied.
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Source: Reuters - 🏆 2. / 97 Read more »