Mercedes-Benz: stabilising supply chains boost orders, subdued economy still weighs

(Reuters) – Mercedes-Benz forecast on Wednesday a subdued world economy with monetary policy weighing on consumers even as supply chain issues and energy price pressures eased, as it raised its group earnings outlook for the full-year.

The premium carmaker said its direct sales model being rolled out in new markets was lowering inventory and order intake was stabilising, adding it now expected unit sales at Mercedes-Benz Vans “significantly above” last year’s levels.