Mercedes-Benz boosts profitability in 2022
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Mercedes-Benz boosts profitability in 2022

The 2022 annual report of Mercedes-Benz Group AG, published on Friday, showed a modest increase in the German carmaker’s unit sales and profitability.

Last year, Mercedes sold 2.45 million vehicles, against 2.32 million vehicles in 2021.

The company’s EBIT (earnings before interest and taxes) rose by 28 per cent year-on-year to $21.8 billion (20.5 billion euros).

“We have redesigned Mercedes-Benz to be a more profitable company, thanks to our focus on desirable products, disciplined margin and cost management.

“We cannot control macro or world events.

“But 2022 showed that we are moving in the right direction,” said Ola Kaellenius, the company’s CEO.

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“Focus on passenger cars and premium vans, with tightened cost control, contributed to improved profitability, it said in a statement.

The leading high-end vehicle producer is in full swing to scale up the production of zero-emission vehicles.

This is coming at a time when markets across the world are embracing new-energy vehicles.

New-energy vehicles are believed to play a crucial role in bringing down emissions.

In 2021, the company announced its intention to electrify its whole fleet by 2030.

The European Parliament, on Tuesday, approved a law to ban the sale of new petrol and diesel cars in the European Union from 2035. (Xinhua)




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