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Ola Källenius

Mercedes Pumping New Life Into its Gas Engines

Mercedes Pumping New Life Into its Gas Engines

With the EV market taking longer to charge up than many have expected, Mercedes-Benz is putting money back into the development of internal combustion technology, as well as hybrids, CEO Ola Kallenius said. But the automaker isn’t scrapping plans for a new EV architecture, despite recent reports, the executive said.