FILE PHOTO: A logo of Mercedes-Benz is seen outside a Mercedes-Benz car dealer, amid the coronavirus disease (COVID-19) outbreak in Brussels, Belgium May 28, 2020. REUTERS/Yves Herman
BERLIN (Reuters) -Mercedes-Benz will focus on its most luxurious vehicles and bring more software in-house to tackle higher costs and supply chain bottlenecks which are likely to continue to weigh on returns, the company said on Thursday.
The carmaker saw sales drop 5% in 2021 as supply chain shortages constrained production and it continues to widen its source base for semiconductors and develop safety stock to protect against continued bottlenecks, CFO Harald Wilhelm said.
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