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Automakers

Mercedes holds firm on EV investment plans despite Ukraine war disruptions

Daimler Kallenius BB web.jpg
Mercedes-Benz will be an all-electric company sooner than many people think, CEO Ola Kallenius said. (Bloomberg)
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By:
Reuters
March 15, 2022 07:20 PM

TUSCALOOSA, Alabama -- Mercedes-Benz will not cut spending on future electric vehicles even as it copes with supply-chain cost pressures exacerbated by the Russia-Ukraine conflict, CEO Ola Kallenius said.

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