BERLIN—Mercedes-Benz will prioritize sales of top-end and electric vehicles in 2022 and deepen its relationship with chip producers, the carmaker said on Thursday, seeking more control over its supply chain amid an ongoing semiconductor shortage. The Mercedes-Benz Cars & Vans division more than doubled its annual adjusted earnings before interest and taxes (EBIT) to 13.9 billion euros ($15.61 billion) from 6.8 billion euros last year even as unit sales fell 5 percent. Revenue from top-end vehicles lifted earnings, with top models bringing in 30 percent more than last year and revenue from electric passenger cars up 64 percent. “Alongside the focus on cost efficiency and supply chain management, three strategic priorities stand out: scaling our electric offensive, accelerating our car software plans, and building out our luxury business,” Chief Executive Ola Kaellenius said. The company will propose a dividend of 5 euros per share for the year, it said, a …
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