Mercedes-Benz Raises 2023 Guidance on Improved Car, Van Pricing
A Mercedes-Benz logo on the wheel of an automobile in Sindelfingen, Germany.
Photographer: Krisztian Bocsi/BloombergMercedes-Benz Group AG raised its earnings forecast for the year after benefiting from better pricing on its cars and vans in the second quarter.
The automaker said it now expects industrial free cash flow to be “slightly above” the prior-year level, rather than in line with it. Earnings before interest and tax in 2023 will also be at the same level as last year, better than its earlier forecast for the measure being slightly below, it said in a statement on Wednesday.