September 11, 2017 / 9:31 AM / 2 months ago

Mercedes-Benz to offer electric option for every car by 2022

FRANKFURT (Reuters) - Daimler’s Chief Executive Dieter Zetsche on Monday said Mercedes-Benz will offer electric versions of all its models by 2022, converting its Smart city car brand to become fully electric.

The Mercedes-Benz logo is seen on a Mercedes-Benz F125 concept car that is electrically powered by a hydrogen fuel cell at the Hannover Fair in Hanover, Germany, April 25, 2016. REUTERS/Wolfgang Rattay

Speaking at the company’s investor day in Sindelfingen, Germany, Daimler said it will offer at least 50 electrified versions of Mercedes-Benz passenger cars in hybrid and fully electric car variants.

Because electric cars have a lower margin than combustion-engine cars, Daimler has set itself a more ambitious savings target. The company’s Fit for Leadership 4.0 plan targets savings of 4 billion euros ($4.8 billion), Daimler said.

($1 = 0.8323 euros)

Reporting by Edward Taylor; Editing by Maria Sheahan and David Goodman

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below