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.

The head of Mercedes-Benz in South Korea will meet on Wednesday residents of an apartment complex damaged by a fire that started in one of its electric vehicles (EVs) and burned for more than eight hours, stoking public safety fears.

Mercedes-Benz chief in South Korea to meet residents after EV fire damaged property

SEOUL—It took just seconds for an underground South Korean residential parking lot to be engulfed in flames. The culprit: a Mercedes-Benz EQE electric vehicle that hadn't been charging.

Huge Fire Sparked by a Mercedes-Benz EV Adds to Safety Concerns Dogging Industry

ATLANTA--(BUSINESS WIRE)--Mercedes-Benz Vans USA partnered with Goodr, an innovative organization dedicated to waste management and hunger solutions, and appointed Jasmine Crowe-Houston, Goodr Founder and CEO, as the first brand ambassador for the all-new eSprinter. Goodr was presented with the first refrigerated eSprinter Cargo Van by Mercedes-Benz in North America, with a custom upfit by Thermo King of Charleston refrigeration. This collaboration marks a significant step in promoting sustaina.

Mercedes-Benz Vans USA Partners with Goodr Founder Jasmine Crowe-Houston as First eSprinter Brand Ambassador

Mercedes-Benz Group AG's performance in 2024 so far shows BEV sales slipping, hybrid sales improving and van sales providing the best earnings contribution. The company's continuing investment in developing BEV architecture and solutions might attract some concern from investors, given falling EV sales globally. The company's eSprinter, which is scheduled to begin deliveries in H2 2024, might carry the day in terms of revenue performance.

Mercedes-Benz Q2 Earnings: Both High-Ticket And BEV Sales Falter

Mercedes-Benz Group AG (OTCPK:MBGAF) Q2 2024 Results Conference Call July 26, 2024 2:00 AM ET Company Participants Steffen Hoffmann - Head of Investor Relations & Treasury Ola Kallenius - Chairman of the Management Board & CEO Harald Wilhelm - Chief Financial Officer Conference Call Participants Tim Rokossa - Deutsche Bank Stephen Reitman - Bernstein Patrick Hummel - UBS George Galliers - Goldman Sachs Jose Asumendi - JPMorgan Philippe Houchois - Jefferies Tom Narayan - RBC Steffen Hoffmann Good morning, ladies and gentlemen. This is Steffen Hoffmann speaking.

Mercedes-Benz Group AG (MBGAF) Q2 2024 Earnings Call Transcript

Mercedes has warned that weaker demand from customers is becoming “increasingly noticeable” after the German carmaker saw a decrease in automotive sales in the first half of 2024. Mercedes-Benz sold 959,700 units in the first six months, marking a 6% decrease compared to the same period in 2023.

Mercedes warns weaker auto demand becoming ‘increasingly noticeable'

Mercedes-Benz Group on Friday reiterated its financial goals for the year, but with a better margin for vans and a worse one for cars.

Mercedes lowers margin guidance for cars as quarterly profit falls 16%

STUTTGART, Germany--(BUSINESS WIRE)--Mercedes-Benz Group AG (ticker symbol: MBG) achieved solid second-quarter results with Group Earnings Before Interest and Taxes (EBIT) of €4.0 billion (Q2 2023: €5.0 billion) supported by operational efficiency and a focus on healthy sales of cars and vans in a challenging environment. The adjusted Return on Sales (RoS) at Mercedes-Benz Cars reached 10.2% (Q2 2023: 13.5%) and 17.5% (Q2 2023: 15.5%) at Mercedes-Benz Vans. Group revenue reached €36.7 billion (.

Mercedes-Benz Group Q2 Results Underscore Solid Financial Performance

Mercedes-Benz's on Friday reported a 27.5% fall in second-quarter adjusted earnings in its core car division as the German luxury automaker continues to struggle amid model changeover and a subdued market environment in Asia.

Mercedes-Benz reports 27% drop in Q2 car earnings

ATLANTA--(BUSINESS WIRE)--Yesterday, Mercedes-Benz USA (MBUSA) and Safe Kids Worldwide, one of its national nonprofit partners, launched a new children's book, Clifford Takes a Ride, in collaboration with Scholastic. The book follows the journey of Clifford the Big Red Dog and gives readers essential tips to stay safe in and around vehicles. MBUSA and Safe Kids Worldwide will distribute 30,000 free copies of the book to families across the country through Mercedes-Benz dealerships and Safe Kids.

Mercedes-Benz USA and Safe Kids Worldwide Launch Clifford Takes a Ride and Kick Off National Book and Safety Tour

Starbucks

Mercedes-Benz is installing fast EV charging stations at 100 Starbucks locations across the nation. The partnership will help reduce range anxiety and could also drive more Starbucks sales.

Starbucks could give a much-needed jolt to the EV market

Stellantis N.V. 

Volkswagen AG

Serbia will give Mercedes-Benz , Volkswagen and Stellantis the opportunity to purchase lithium for car batteries as the nation prioritises European over Chinese carmakers, its president said.

Serbia eyes lithium deals with Mercedes, Stellantis, VW, president says

Stopping for coffee between Washington and California could soon include the option of topping off an electric vehicle battery charge thanks to a new partnership between Starbucks and Mercedes-Benz.

Starbucks and Mercedes-Benz help electrify I-5 corridor with fast chargers for EVs

A Mercedes-Benz unit said on Wednesday it had partnered with Starbucks to deploy its fast-charging stations at more than 100 locations across the United States.

Mercedes-Benz unit partners with Starbucks for fast-charging stations in US

ATLANTA--(BUSINESS WIRE)--Mercedes-Benz USA (MBUSA) today reported Q2 2024 group* sales of 84,662 Passenger Cars. Additionally, Mercedes-Benz Vans reported Q2 2024 sales of 10,934 units, bringing MBUSA to a total of 95,596 vehicles for the quarter. “The industry and our dealer partners have navigated a challenging second quarter, but I'm very proud of our dealer partners' unwavering focus on serving Mercedes-Benz's valued customers. Stronger availability of models propelled Q2 passenger car gro.

Mercedes-Benz USA Reports Q2 2024 Group Sales of 95,596 Vehicles

Mercedes-Benz saw a 6% decline in sales in the second quarter as demand for battery-electric vehicles slumped, the carmaker said on Wednesday, promising to make up lost ground with improved availability and market launches.

Slump in electric car demand hits Mercedes sales in Q2

Mercedes-Benz inaugurated a development and production centre for battery cells on Monday at its headquarters in Germany, in a move to take greater control of the chemical composition and industrial manufacturing of its batteries.

Mercedes-Benz opens battery research and production centre at Stuttgart headquarters

Press Release July 3, 2024 Signify and Mercedes-AMG PETRONAS Formula 1 Team launch new partnership to drive responsible innovation on and off the track Partnership will support Mercedes-AMG PETRONAS Formula 1 Team's performance and vision to become one of the world's most sustainable professional sports teams. Signify innovations will enhance well-being and performance of drivers, and engineers.

Signify and Mercedes-AMG PETRONAS Formula 1 Team launch new partnership to drive responsible innovation on and off the track

Mercedes-Benz Group AG has underperformed YTD due to Q1 earnings disappointment and uncertainty around potential tariffs; however, the company remains resilient and well-managed. The impact of potential tariffs on China may be less severe than feared, with Mercedes-Benz considering increasing localization efforts to mitigate risks. Looking ahead, the Company is expected to see a rebound in the second half of the year, with strong capital return programs pushing equity yield over 10%.

Mercedes-Benz: >10% Potential Yield Supports Bullish Case For Share Price Rebound

Mercedes-Benz is investing more than previously planned in combustion engine technology, including 14 billion euros ($15 billion) this year on its passenger cars, its chief executive told German publication Wirtschaftswoche.

Mercedes-Benz spending more than previously planned on combustion engines - Wiwo

Lithos Group Ltd. LITSF announced it has become a member of the Alabama Mobility and Power (AMP) Center, a strategic alliance that includes the University of Alabama, Alabama Power, and Mercedes-Benz U.S International MBGAF.

Lithium Tech Co. Joins EV Research Group With Mercedes-Benz

Bayerische Motoren Werke AG

The European Commission will apply additional duties of up to 38.1% on imported China-made electric cars from July, a move that Beijing is likely to retaliate against.

European carmakers exposed to any Chinese retaliation for EU tariffs

Porsche Automobil Holding SE

Volvo AB

Some of Europe's biggest carmakers fell further on Thursday on concerns over how China will respond to new tariffs the European Commission slapped on imported Chinese electric cars in a bid to combat what they say is excessive subsidies from Beijing.

European auto stocks fall further on concerns over China's tariff response

BYD Company Limited

BYD Co Ltd

The European Commission's decision to slap tariffs on imported Chinese EVs could have far-reaching effects for European automakers, as a possible trade war would hurt not only their business in China but also their own imports of Chinese-made cars.

Europe's automakers fret as China EV tariff fears become reality

Mercedes Benz CEO Ola Kaellenius expects a decision on EU's import tariffs on Chinese electric vehicles soon, he said at an industry conference on Thursday.

News for Mercedes-Benz Group AG Stock (MBGYY)