The Latest Breaking News from Ola Källenius

Only a few years ago, Mercedes-Benz was confident about going all-in on electric vehicles in Europe. In 2021, it projected that by the end of the decade, it would stop selling cars with combustion engines "where market conditions allow." Not only has the luxury brand dropped this ambitious goal, but…

Mercedes is planning the "biggest product launch program in history,” with 18 cars set to debut next year and another 14 models in 2027. Most will be next-generation vehicles or facelifts of existing models, but a few all-new additions are also in the pipeline. All told, the Stuttgart-based luxury automaker…

German carmaking powerhouse Mercedes-Benz also issued new predictions for this year’s revenue, indicating that it will be significantly below last year's total.

It was only a few days ago that Audi announced plans to continue producing gas-powered cars longer than initially intended, and now its long-time rival, Mercedes, is essentially saying the same thing. Head honcho Ola Källenius admitted the Stuttgart-based automaker has had to make a “course correction” and retain internal…