Mercedes-Benz's decision to merge its S-Class and EQS sedans is driven by the need to strengthen its market presence amidst significant struggles in EV sales, especially after lowering its production at the Sindelfingen plant due to declines in these models.
CEO Ola Kallenius confirmed the management's commitment to a dual focus on ICE powertrains alongside EVs, indicating that traditional vehicles will remain a part of the portfolio longer than previously anticipated due to ongoing declines in ICE vehicle sales.
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