Automakers

Mercedes raises outlook; cuts gas use amid Russian supply squeeze

Mercedes EQS production Sindelfingen
Mercedes is prioritizing production of models such as the EQS, shown here at the Sindelfingen, Germany, plant, amid microchip shortages. (Mercedes-Benz AG - Global Commun/Daimler AG)
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By:
from wire reports
July 27, 2022 06:29 AM

BERLIN -- Mercedes-Benz expects a significant rise in revenues and slightly higher earnings in 2022 on the back of strong vehicle prices and model mix even as the company warned of economic turbulence due to Europe’s worsening energy crisis, high inflation and protracted supply-chain problems.

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