What a spectacular downfall for the once-great Mercedes! It’s like they’ve decided to go all in on ‘internal combustion nostalgia.’ Cutting back on production, laying off workers, and focusing on ICE vehicles? I’m not sure if this is a strategic move or just a desperate attempt to cling to the past. As for their ‘upmarket’ strategy, selling fancy cars to rich people must be the next big thing, right? And increasing production in China and the U.S.? Let’s hope they don’t end up importing all those ‘high-quality’ ICE vehicles back home, that would be a true masterstroke!
Read from: https://www.topspeed.com/mercedes-to-cut-production-due-to-bleeding-ev-profits/