Mercedes spending large sums of money on gas and oil engines

In an interview with the German publication Wirtschaftswoche, CEO Ola Kälenius said that technology ICE “will last even during the 1920s”.

But to ensure that gas engines will meet increasingly strict regulations, massive investments are needed, Telegrafi conveys.

This year alone, the brand is spending 14 billion euros on its passenger car division alone.

The funds are reserved for <x0 burning technology”, but also electrification and digitalisation. Although the Swedish-German business executive did not specify how much Mercedes is being spent on ICE, he admitted it is “more money than previously planned”.

As reported, without spending large money on gas and oil engines, luxury marks “would suddenly stop the 2027 or 2028x1> engine combustion.