The German car manufacturer Mercedes-Benz increased its profits by almost 30 % in 2022 thanks to the sale of luxury models and the rise in prices, the firm said today.

The company announced a consolidated result of 14,800 million euros (about 15,823 million dollars). In 2021, a special profit of 1 billion euros due to the spin-off of Daimler’s truck business had brought the group’s profit to more than 23 billion euros.

Mercedes-Benz obtained in 2022 a revenue of 150,000 million euros, with a year-on-year increase of 12 %. The company delivered slightly fewer cars to end customers, but around 5 % more vehicles to wholesale customers (2.04 million).

Sales of top models such as the S-Class, cars from tuning subsidiary AMG and luxury brand Maybach picked up, bringing higher profits.

Thus, the ebitda (earnings before interest and taxes, adjusted for special effects) stood at 20,660 million euros, with a year-on-year increase of 20 %.

For 2023, the management foresees lower benefits in the most important areas. On the one hand, he expects prices to rise, and on the other, he estimates that the business of used models will decrease. Mercedes-Benz indicated that the forecasts as a whole are subject to exceptional uncertainty. He added that for this year he expects the group’s sales to be at the level of the previous year.

Source: dpa

(Reference image source: Tommy, Unsplash)

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Carmaker Daimler plans to put away combustion engines and focus on electromobility. The business group explained that it aims to gradually produce all Mercedes-Benz brand vehicles under the motto “Electric only”.

The automaker has proposed that, by 2025, 50 % of Mercedes sales correspond to fully electric cars or cars with a plug-in system, double than previously expected.

It also announced that it is preparing to make its brand of cars “fully electric” by the end of the decade and that it plans to invest more than 40,000 million euros (47,125 million dollars) in the manufacture of vehicles with electric battery between 2022 and 2030.

Likewise, all the technical bases to produce the various series will respond to electrical technology as of 2025, so that by that time customers will be able to opt for a fully electric alternative for each Mercedes-Benz model.

In view of the new positioning, Daimler now also wants to produce battery cells on a larger scale together with other companies. The company and its partners plan to build eight mega-factories around the world for the production of cells with a total capacity of more than 200 gigawatt hours.

Until now, Daimler had rejected large-scale independent cell production and relied on suppliers. The planned battery cell factories will complement a network of nine plants that assemble battery systems from these cells.

Daimler reported that the next generation of batteries will be highly standardized and will be used in more than 90 % of all future Mercedes-Benz brand cars.

Source: dpa

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Mercedes-Benz plans to start serial production of its first electric battery truck at its Wörth-am-Rhein plant this year, Daimler announced on Monday. The world premiere of the eActros for the transport of heavy cargo will be on June 30, according to the German automaker.

The prototypes have already been successfully tested on 18- or 25-ton models, delivered to customers who have kept them in continuous use since 2018, including supplying refrigerated food to supermarkets, according to the statement.

The electric truck is not inferior to a diesel truck in terms of availability and performance, Daimler stressed.

The truck subsidiary Daimler Truck also plans to mass-produce transport vehicles with hydrogen fuel cell engines from 2027.

The deadline for these advances is 2039. From then on, only new vehicles that are CO2 neutral will be sold in Europe, Japan and North America.

Source: dpa

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The future of Daimler’s main plant in Stuttgart is to become a production center for electric mobility for more than 400 million euros ($ 476 million), the German automaker announced today.

Daimler announced that electric motors will be developed at the Stuttgart-Untertürkheim plant, in the federal state of Baden-Württemberg, in the south-west of the country, as well as batteries and integral motorization systems.

This production plan will be carried out on a much larger scale than originally planned. It also plans to manufacture the battery cells in the future, at least to a lesser extent.

In return, the volume of production in the area of ​​combustion engines will be reduced, which will mean the loss of jobs, although the company did not give figures.

Daimler’s management and works council had been discussing the future of the Untertürkheim factory for months, which is the leader in motorization technology in the Mercedes-Benz production network and employs around 18,000 people.

Source: dpa

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