Mercedes-Benz Group AG

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Mercedes-Benz Group AG engages in the business of manufacturing and distributing premium cars. It operates through the following segments: Mercedes-Benz Cars, Mercedes-Benz Vans, and Mercedes-Benz Mobility. The Mercedes-Benz Cars segment includes the brands Mercedes-AMG, Mercedes-Maybach, and Mercedes-EQ. The Mercedes-Benz Vans segment focuses on selling vans under the Mercedes-Benz brand. The Mercedes-Benz Mobility segment is involved in supporting the sales of the vehicle brands. The company was founded by Gottlieb Daimler and Carl Benz in 1926 and is headquartered in Stuttgart, Germany.

Tesla

Rivian's stock hit a two-month high Tuesday morning, after it announced plans to allow drivers to use Tesla's massive North American charging network.

Mercedes-Benz Latest To Adopt Tesla's Charging Standards As EV Competition Soars—Here Are The Others

Mercedes-Benz is the latest automaker to adopt Tesla's North American Charging Standard (NACS). Starting in 2024 Mercedes EVs will gain access to Tesla's Supercharger network in North America.

Mercedes-Benz adopts Tesla's NACS charging standard

Mercedes Benz said on Friday its drivers will get access to Tesla Supercharger network in North America in 2024.

Mercedes Benz drivers in N. America to get access to Tesla Superchargers in 2024

STUTTGART, Germany--(BUSINESS WIRE)--Mercedes-Benz EVs can use Tesla Superchargers in North America from 2024, and Mercedes-Benz's own charging network to implement NACS standard.

Mercedes-Benz Expands Charging Options for Customers: Access to Tesla Supercharger Network in North America While Building Its Own High-Power Charging Network

Mercedes-Benz wants to extend Chief Executive Ola Kallenius' contract, keeping the 54-year-old at the helm of the German carmaker until at least mid-2029, German daily Handelsblatt reported on Thursday, citing supervisory board sources.

Mercedes to extend CEO Kallenius' contract - Handelsblatt

Mercedes-Benz strategically shifts focus toward top-end luxury vehicles, capitalizing on higher margins and a wealthier customer base. The company's financial performance showcases a successful transition, with consecutive quarters of double-digit margins and significant growth in top-end vehicle sales. Despite its profitability and impressive product mix, Mercedes-Benz trades at significantly lower multiples compared to its competitors, presenting a compelling investment opportunity with potential upside.

Mercedes-Benz: Unleashing The Desire For Luxury While Trading At Cheap Multiples

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A focus on forced labor and enforcement actions to fight against it are “here for some time,” according to a U.S. Customs and Border Protection official.

U.S. companies told to adapt as Washington fights against forced labor in China: ‘It's going to be a very different environment'

Bayerische Motoren Werke AG

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Germany's top carmakers have been accused by a Berlin-based human rights group of not showing they have carried out due diligence to prevent the risk of forced labour being used by their suppliers in Xinjiang, China, a potential violation of Germany's new supply chain law.

German carmakers accused of not complying with supply chain law for Xinjiang links

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Mercedes jumps into the ChatGPT fray and Toyota plays catch-up

Microsoft

Mercedes has turned to Microsoft to expand on its use of in-car artificial intelligence (AI). Beginning Friday (June 16), the carmaker will begin beta testing an integration of the ChatGPT generative AI function with its MBUX Voice Assistant in more than 900,000 vehicles.

Mercedes and Microsoft Add ChatGPT to Voice Commands

Mercedes-Benz and Microsoft have agreed to add ChatGPT to Mercedes-Benz cars in the United States. ChatGPT is Microsoft's "generative artificial intelligence" software that can engage in realistically human-like dialog.

Mercedes is bringing ChatGPT into its cars

Like with other industries, the potential applications of ChatGPT in the automotive industry have emerged as a growing discussion.

Mercedes-Benz and Microsoft to test ChatGPT in vehicles

Mercedes-Benz on Thursday said U.S. drivers could power some of their luxury vehicles with ChatGPT in a test program starting June 16.

Mercedes drivers can soon turn to ChatGPT for voice control

The recalled cars include Kia Sportage SUVs, Toyota Corolla Cross hybrid SUVs, Land Rover Range Rovers and Land Rover Discoveries.

Toyota, Kia, Land Rover, Mercedes part of huge 247,000-car recall

German carmaker becomes first to gain permit for offering self-driving cars in California, but with strict conditions

Mercedes-Benz beats Tesla for approval of automated driving tech in California

ATLANTA--(BUSINESS WIRE)--Mercedes‑Benz today announced that its class-leading DRIVE PILOT system for SAE Level 31 conditionally automated driving received certification from California state authorities. With this significant milestone Mercedes-Benz is the first car manufacturer with authorization to introduce such a SAE Level 3 system in a standard-production vehicle for use on public freeways in the most populous state in the United States. DRIVE PILOT will be available in the U.S. market as.

Conditionally Automated Driving: Mercedes-Benz DRIVE PILOT Further Expands U.S. Availability to the Country's Most Populous State Through California Certification

The California Department of Motor Vehicles on Thursday approved Mercedes-Benz's automated driving system on designated highways under certain conditions without the active control of a driver.

California DMV conditionally approves Mercedes-Benz's automated driving tech

STUTTGART, Germany--(BUSINESS WIRE)--Mercedes-Benz signed a supply agreement with Swedish start-up H2 Green Steel (H2GS) over approximately 50,000 tonnes almost CO₂-free steel per year for its European press shops and deepened its partnership through a Memorandum of Understanding (MoU) with the aim to establish a sustainable steel supply chain in North America. After taking an equity stake in H2GS in 2021, the new supply agreement enables Mercedes-Benz to bring almost CO₂-free steel into series.

Mercedes-Benz AG and H2 Green Steel secure supply deal and an MoU to establish North American supply chain

FARMINGTON HILLS, Mich.--(BUSINESS WIRE)--Mercedes-Benz Financial Services USA LLC, which provides finance, lease and insurance services to customers of Mercedes-Benz brand cars, SUVs and vans, announced today that the CEO of Mercedes pay USA will take part in a connected car panel at AutoTech Detroit on Wednesday, June 7th to detail how Mercedes pay is turning the car into a payment device, together with a representative of Mercedes pay's partner in offering in-car payments for off-street park.

Mercedes-Benz Financial Services Announces In-Car Payment Feature for Parking, powered by Mercedes pay, at AutoTech Detroit

Mercedes Benz Group , a longtime partner of Renault in vans, won't take part in the French company's FlexEvan electric project and will focus instead on its own premium electric vehicle VAN.EA, two sources with knowledge of the matter said.

Mercedes won't join Renault's new electric van project-sources

Mercedes reported especially strong Q1 2023 results for its Vans division. A recent Strategy Update event for the Vans segment made it clear that this should not be a one-time thing. The Mercedes Vans strategy focuses on medium and large vans, strong pricing power, electrification, and industry-leading cost efficiency.

Mercedes-Benz: Vans Strategy Update Adds To The Bull Case

STUTTGART, Germany--(BUSINESS WIRE)--Andrew Cornelia appointed to lead the new Mercedes-Benz charging network in North America - Christopher Trainor responsible for finance.

Andrew Cornelia Appointed to Lead the New Mercedes-Benz Charging Network in North America - Christopher Trainor Responsible for Finance

TotalEnergies SE

Plant expected to create 2,000 jobs as France aims to be self-sufficient in vehicle battery production by 2027

France opens first electric vehicle battery gigafactory

Mercedes-Benz would need at least 200 GWH battery capacity or roughly 8 gigafactories worldwide to go close to full electrification, the company's CEO Ola Kallenius told Reuters.

News for Mercedes-Benz Group AG Stock (MBGYY)