Mercedes lays groundwork for more software-based upgrades

SUNNYVALE, Calif. — Software-based vehicle upgrades generated more than $1 billion in revenue for Mercedes-Benz last year, the automaker reports. That's only a fraction of the more than $150 billion in global revenues the automaker earned in 2022, but the business could explode after 2025 when Mercedes launches its own operating system that will open the door to more digital services in vehicles.