Mercedes Vows to Keep Making Gas-Powered Engines as EV Transition Slows
By Jana J. Pruet Mercedes-Benz Group AG is easing off its aggressive electric vehicle goals as sales lag, pushing the luxury automaker to keep producing its trusted combustion engines. “The transformation might take longer than expected,” CEO Ola Källenius told shareholders during the company’s annual meeting on May 9. The German automaker previously aimed to produce a fully…
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Deutsche Bank AG Increases Stock Position in Armstrong World Industries, Inc. (NYSE:AWI)
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