Mercedes CEO Says We Need A Reality Check Over Combustion Bans
Mercedes Is Concerned About Combustion Restrictions
Mercedes, like most other automakers, had once committed to going all-electric by the end of this decade, but weak demand for EVs has forced the company to rethink those targets. Now, Mercedes-Benz CEO Ola Källenius said that even Europe's planned 2035 combustion ban is too ambitious, reports Reuters. "We need a reality check. Otherwise, we are heading at full speed against a wall," the CEO told German newspaper Handelsblatt, adding that Europe's car market could "collapse" if the ban is approved after its review later this year.
Käallenius Wants A Different Approach
This comes after Mercedes-AMG revealed plans to develop a new V8 engine that has no defined "natural end date," citing customer demand for more combustion-powered products. Regular, non-AMG Mercedes products will also have a gas option for a long time to come. "Of course, we have to decarbonize, but it has to be done in a technology-neutral way," Källenius said. "We must not lose sight of our economy." This mirrors earlier comments made by the CEO, after he said in June that he believes "the most rational approach in the current situation is for an established manufacturer to do both [EV and gas] and not neglect one technology." Porsche has also walked back plans for going all-electric, thanks to weak demand, and like Mercedes, it sees a varied product offering as key to sustained sales.
Essentially, Mercedes and other automakers in Europe are happy to continue developing EVs for those who want them, but they believe that while a ban on combustion cars would lead to a sharp rise in sales just before gas cars are outlawed, disaster would soon follow as consumers look to other brands.Lots To Come From Mercedes
Earlier this month, Källenius revealed that Mercedes-Benz intends to launch an onslaught of 18 new vehicles by 2027, with half of them being all-electric and the other half featuring combustion engines of various descriptions. The CEO says this will be "probably the most intense amount of launches in a three-year period in the history of [Mercedes]." These vehicles will be ready to live until 2035, but it's clear that the company wants to sell them long after that. With the Trump administration reversing the vast majority of CAFE standards fines and nixing tailpipe emissions rules, Mercedes now hopes that a similarly tolerant view of gas power will take hold in Europe, and given the influx of remarkably good yet well priced EVs from China on the Old Continent, it's quite possible that local lawmakers will change their tune on the combustion ban to sustain the European auto industry.
Mercedes CEO Says We Need A Reality Check Over Combustion Bans first appeared on Autoblog on Aug 11, 2025
This story was originally reported by Autoblog on Aug 11, 2025, where it first appeared.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
2 minutes ago
- Yahoo
Podcast: US tariff news and Q2 earnings influence pharma trends
After months of negotiations, the EU and US reached an agreement to levy a 15% tariff on EU imports, which includes including tariffs on specific sectors, like the drug imports. On this episode, the healthcare reporting team dives into the latest round of tariffs and other regulatory policies that are set to directly affect the pharma sector. GlobalData Insights Manasi Vaidya sat down to discuss the news with Robert Barrie, a reporter for Pharmaceutical Technology, who has written about several of these developments in the last few weeks. The second half of the episode also contains snippets of an interview with Dr. Mariana Socal, a health economist from the Johns Hopkins Bloomberg Public School of Health, about the short and long term consequences of these policies on the development and pricing for these drugs. Navigate the shifting tariff landscape with real-time data and market-leading analysis. Request a free demo for GlobalData's Strategic Intelligence . "Podcast: US tariff news and Q2 earnings influence pharma trends" was originally created and published by Pharmaceutical Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Yahoo
2 minutes ago
- Yahoo
It's 420 Somewhere: Aurora Cannabis Sparks Up the Top Line
Download the Complete Report Here By Rayk Riechmann Another impressive top-line beat by Aurora Cannabis Inc. (Nasdaq: ACB) should have investors fired up. The company reported a 17% revenue increase in its first fiscal quarter, mostly driven by a strong performance in the Global Medical Cannabis Market. ACB continues to outperform in key European markets with higher sales in Germany, Poland, and the UK. Poland, after facing some regulatory headwinds in the past, is now back on track and can't get enough of the ACB high-potency medical products. While gross margins improved for medical cannabis and consumer cannabis segments, elevated SG&A costs led to a decrease in net income. Many of these expenses look temporary and related to the integration of recently-acquired MedReleaf Australia. Management has also reiterated that EBITDA is expected to grow in the near-term with increasing operational efficiencies and a higher-margin sales mix. Of course, some variable costs will rise with increased sales, but we expect profitability to improve in coming quarters. ACB is differentiated in the industry by free cash flow generation and an strong balance sheet. Notably, all cannabis operations are run completely debt-free and ACB maintains C$186 million in cash and cash equivalents. And the last puff: ACB still trades at a discount compared to peers on an EV/EBITDA multiple and its own 3-year mean price/sales multiple. Check out the full earnings report below and stay up to date on the global cannabis plug. Download the Complete Report Here Subscribe to our Weekly Newsletter to Receive All Research Contact: Rayk@
Yahoo
2 minutes ago
- Yahoo
Okeanis Eco Tankers Corp. – Key Information relating to Q2 2025 dividend
ATHENS, Greece, Aug. 12, 2025 (GLOBE NEWSWIRE) -- Okeanis Eco Tankers Corp. ('OET' or the 'Company') (NYSE: ECO / OSE: OET) announced today that the Company's board of directors (the 'Board') has declared a dividend on its common shares (the 'Dividend'). Due to implementation of the Central Securities Depository Regulation ('CSDR') in Norway, shareholders who hold common shares registered in Euronext Securities Oslo, the central securities depository in Norway ('VPS') should please note the information on the payment date to the common shares registered in VPS below. The New York Stock Exchange ('NYSE') settles its trades on a T+1 basis, while the Oslo Stock Exchange ('OSE') settles its trades on a T+2 basis. As a result, there will be different ex-dividend dates between the two exchanges, as set out below. Key information relating to the Dividend: Dividend amount: USD 0.70 per common share. Declared currency: USD. Dividends payable to common shares registered in the Euronext VPS will be distributed in NOK. Date of Board approval: August 12, 2025. Last day including right OSE: August 20, 2025, the last date on which the Company's common shares trading on the OSE will include the entitlement to the Dividend. Last day including right NYSE: August 21, 2025, the last date on which the Company's common shares trading on the NYSE will include the entitlement to the Dividend. Ex-date OSE: August 21, 2025, the date on which the Company's common shares will begin trading on the OSE without the entitlement to the Dividend. Ex-date NYSE: August 22, 2025, the date on which the Company's common shares will begin trading on the NYSE without the entitlement to the Dividend. Record date OSE and NYSE: August 22, 2025 Payment date: September 5, 2025. Due to the implementation of CSDR in Norway, the Dividend payable on common shares that are registered in the Euronext VPS is expected to be distributed to Euronext VPS shareholders on or about September 10, 2025. The Company encourages you to contact your bank, broker, nominee or other institution if you have any questions regarding the mechanics and timing of having the Dividend attributable to your common shares credited to your account. Contacts Company:Iraklis Sbarounis, CFOTel: +30 210 480 4200ir@ Investor Relations / Media Contact:Nicolas Bornozis, PresidentCapital Link, Inc.230 Park Avenue, Suite 1540, New York, N.Y. 10169Tel: +1 (212) 661-7566okeanisecotankers@ About OET OET is a leading international tanker company providing seaborne transportation of crude oil and refined products. The Company was incorporated on April 30, 2018 under the laws of the Republic of the Marshall Islands and is listed on Oslo Stock Exchange under the symbol OET and the New York Stock Exchange under the symbol ECO. The sailing fleet consists of six modern scrubber-fitted Suezmax tankers and eight modern scrubber-fitted VLCC tankers. Forward-Looking Statements This communication contains 'forward-looking statements', including as defined under U.S. federal securities laws. Forward-looking statements provide the Company's current expectations or forecasts of future events. Forward-looking statements include statements about the Company's expectations, beliefs, plans, objectives, intentions, assumptions and other statements that are not historical facts or that are not present facts or conditions. Words or phrases such as 'anticipate,' 'believe,' 'continue,' 'estimate,' 'expect,' 'hope,' 'intend,' 'may,' 'ongoing,' 'plan,' 'potential,' 'predict,' 'project,' 'should,' 'will' or similar words or phrases, or the negatives of those words or phrases, may identify forward-looking statements, but the absence of these words does not necessarily mean that a statement is not forward-looking. Forward-looking statements are subject to known and unknown risks and uncertainties and are based on potentially inaccurate assumptions that could cause actual results to differ materially from those expected or implied by the forward-looking statements. The Company's actual results could differ materially from those anticipated in forward-looking statements for many reasons, including as described in the Company's filings with the U.S. Securities and Exchange Commission (the 'SEC'). Accordingly, you should not unduly rely on these forward-looking statements, which speak only as of the date of this communication. Factors that could cause actual results to differ materially include, but are not limited to, the Company's operating or financial results; the Company's liquidity, including its ability to service its indebtedness; competitive factors in the market in which the Company operates; shipping industry trends, including charter rates, vessel values and factors affecting vessel supply and demand; future, pending or recent acquisitions and dispositions, business strategy, areas of possible expansion or contraction, and expected capital spending or operating expenses; risks associated with operations; broader market impacts arising from war (or threatened war) or international hostilities; risks associated with pandemics, including effects on demand for oil and other products transported by tankers and the transportation thereof; and other factors listed from time to time in the Company's filings with the SEC. Except to the extent required by law, the Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company's expectations with respect thereto or any change in events, conditions, or circumstances on which any statement is based. You should, however, review the factors and risks the Company describes in the reports it files and furnishes from time to time with the SEC, which can be obtained free of charge on the SEC's website at This information is published in accordance with the requirements of the Continuing in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data