Mercedes-Benz raises outlook on vans, sees sunnier 2023 By Reuters


© Reuters. FILE PHOTO: A logo of the Mercedes-Benz is seen outside a Mercedes-Benz car dealer in Brussels, Belgium March 13, 2023. REUTERS/Yves Herman

BERLIN (Reuters) – Mercedes-Benz on Thursday lifted its outlook for the annual adjusted return on sales of its vans division to 11-13% from 9-11% previously and said it expected to hit the higher end of its 12-14% forecast for returns in the cars division.

Orders remained sluggish in Europe and overall global growth was likely to remain subdued, but inflation was gradually declining, energy prices were expected to be less volatile and demand was good in the U.S. and China, the carmaker said.

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