Mercedes-Benz warned that demand in Europe was 'sluggish' and that the market in China was feeling the effects of the rapid spread of coronavirus. Photograph: Daniel Roland/AFP via Getty ImagesProfits at Mercedes-Benz rose by more than a quarter last year thanks to a focus on more profitable models but it warned that demand in Europe was “sluggish” and that the market in China was feeling the effects of the rapid spread of coronavirus.
The Stuttgart-based group said on Friday that group earnings before interest and taxes increased 28 per cent to €20.5 billion in 2022, beating analyst expectations, while revenues rose 12 per cent to €150 billion. But it warned that the outlook remained uncertain. Orders of new cars in Europe have slowed, while the spread of Covid-19 in China since lockdowns ended has had a “spill-over impact on sentiment in the first quarter”.
Chief executive Ola Källenius believed it was still possible that the market in China could rebound this year “but it’s still early days so that’s why we’ve decided to guide around the same levels as 2022″.
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War in Ukraine to dominate global security gatheringTánaiste Micheál Martin will join other politicians, military officers and diplomats from around the world in Munich to discuss Europe's security situation following the Russian invasion of Ukraine almost a year ago. The war mongering West project to provoke Russia into war has seriously failed. Unfortunately Ukraine is suffering the consequences. NATO underestimated the military prowess of Russia. They are feeling frustrated as they're use to invading and destroying third world countries. Why is Ireland as a neutral country attending a conference dominated by war mongers who are used to illegally and on fictitious grounds invading other countries. Anyone remember the WMD in Iraq which were never found and yet a million innocent civilians died because of this lie. Rte proper headline delegates from countries who invaded other peoples countries will discuss there blowing up of energy pipeline and how to perlong a prozy war in Ukraine
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