Mercedes announced a €4bn buyback plan, highlighting the management’s confidence and suggesting that it sees its current plan as sufficient to finance its EV transition. Although this had been well discounted, the company reported very strong FY22 results with a slight beat on the dividend proposal. The FY23 guidance was also as expected, with caution on volumes and a slight decrease in margins. M-B is pushing towards more direct sales believing that this move will yield a net benefit for the br ....
