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.

Stellantis N.V. 

Global battery electric vehicle (BEV) sales are struggling for traction this year, but it's looking particularly gloomy in Europe, where Bank of America has cut its outlook.

Bank of America cuts European EV car sales view as government subsidies fade

The United Automobile Workers union is mounting its most ambitious effort to gain an industry foothold beyond Detroit's Big Three.

Mercedes-Benz Workers in Alabama Ask for Unionization Vote

Workers at a Mercedes Benz factory in Vance, Alabama, filed a petition with U.S. regulators to hold an election to join the United Auto Workers, the union said on Friday.

Alabama Mercedes Benz plant workers file for union election, UAW says

Car plant is second such in a southern state to ask the labor board to hold union election to join the United Autoworkers Union

Mercedes-Benz workers in Alabama file for union election

Mercedes-Benz on Wednesday said it recognises the right of its employees to form representatives after a U.S. auto workers union said it had filed complaints about the carmaker's "anti-union" campaign in its Alabama factory.

Mercedes-Benz rejects 'anti-union' allegations after US union complaints

Factory workers at Mercedes Benz's assembly plant in Alabama are moving forward with efforts to join the United Auto Workers union, and they plan to file a petition as soon as this week with U.S. regulators, three people familiar with the matter said on Tuesday.

Mercedes workers in Alabama to file for union vote as soon as this week, sources say

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Mercedes-Benz said on Wednesday it will test an 11 megawatt hour (MWh) battery at its Rastatt car factory in Germany from 2025 to help bridge the gap between swings in renewable energy output and its manufacturing requirements.

Mercedes-Benz to test 11 MWh battery to harness power swings at Rastatt plant

Mercedes-Benz is recalling more than 116,000 vehicles over loose electrical wiring under the passenger seat, increasing the risk of a fire, according to a regulatory filing Wednesday—the latest recall by the German automaker over the last month.

Mercedes-Benz Issues New Recall: Nearly 500,000 Vehicles Affected In Last Month

STUTTGART, Germany--(BUSINESS WIRE)--At its third annual ESG Conference, Mercedes-Benz demonstrates commitment to achieving ambitious and measurable goals. Driven by tomorrow and a clear focus on the entire value chain, Mercedes‑Benz firmly embeds sustainability considerations in the daily business. One aspect is the continued global expansion of the electric passenger car portfolio, targeting an up to 50 percent share of xEVs in the new vehicle fleet in the second half of the decade. And by th.

Tomorrow drives Mercedes-Benz: Full commitment to sustainable business strategy goes far beyond products

Mercedes Benz will recall 116,020 vehicles due to an improperly secured 48-volt ground connection, the U.S National Highway Traffic Safety Administration said on Wednesday.

Mercedes Benz to recall 116,020 vehicles, US regulator says

Transport officials urgently recalled nearly 2,000 Mercedes-Benz vehicles after discovering a manufacturing flaw in certain models that pose a critical safety hazard to their drivers. Affected Mercedes- Benz models Several models of the luxury car were recalled yesterday after detecting a manufacturing defect in them.

Mercedes Benz recalls $400k worth cars on fire scare

Mercedes-Benz CEO Ola Kallenius almost doubled his remuneration last year thanks to high bonus payouts, a company report published on Friday showed.

Mercedes CEO almost doubled 2023 remuneration with big bonus boost

The CEO of Mercedes-Benz called on the European Union to cut tariffs on Chinese electric cars. "That is the market economy.

Europe shouldn't be afraid of Chinese electric cars, says Mercedes-Benz CEO

MISSISSAUGA, Ontario--(BUSINESS WIRE)--Brian Stevens appointed President and CEO of Mercedes-Benz Financial Services Canada Corporation.

Mercedes-Benz Financial Services Canada Corporation appoints Brian Stevens as new President and CEO

NEW YORK--(BUSINESS WIRE)--Mercedes-Benz HPC North America announces the appointments of top-level executives to lead the build-out of its premium EV charging network.

Mercedes-Benz HPC North America Welcomes Seasoned Executives to Transform the EV Charging Experience

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Mercedes-Benz Group AG (MBGAF) Q4 2023 Earnings Call Transcript

Mercedes-Benz shares climbed on Thursday morning after the German carmaker beat fourth-quarter earnings expectations and announced a new share buyback program.

Mercedes-Benz shares climb 5% on share buyback, despite 'exceptional' uncertainty ahead

Tesla

The German automaker said it earned €14.26 billion ($15.47 billion) in 2023, a decline of 1.7% from last year. Tesla, meanwhile, earned $15 billion, a 19% improvement.

Tesla and Mercedes-Benz earned almost exactly the same last year. Their stock-market valuations are slightly different.

Mercedes-Benz will be able to sell combustion engine cars well into the next decade, its chief executive said on Thursday, adding there would be "peaks and troughs" in the transition to electric cars.

Mercedes-Benz CEO: we can produce combustion engine cars "well into" next decade

Mercedes-Benz warned that 2024 underlying earnings would be slightly below last year's levels on stable revenue expectations, adding the auto market faced an uncertain economic backdrop and possible “unexpected developments” from geopolitics and trade policy.

Mercedes-Benz Warns on Outlook as Market Uncertainty Weighs

STUTTGART, Germany--(BUSINESS WIRE)--Mercedes-Benz Group AG (ticker symbol: MBG) achieved solid 2023 financial results. A sharpened focus on desirable cars and vans combined with ongoing cost discipline resulted in Group Earnings Before Interest and Taxes (EBIT) of €19.7 billion (2022: €20.5 billion), and revenues of €153.2 billion (2022: €150.0 billion). For 2023, Mercedes-Benz Cars delivered an adjusted Return on Sales (RoS) of 12.6%, Mercedes-Benz Vans an adjusted RoS of 15.1%, and Mercedes-.

Mercedes-Benz Group 2023 Results*: Cash Generation at Work

Mercedes-Benz on Thursday reported an adjusted return on sales in its car division of 12.6% for 2023, in line with its forecast, as inflation and supply chain-related costs ate into its profits.

Mercedes-Benz hits cars returns forecast as inflation, supply chain costs bite

ATLANTA--(BUSINESS WIRE)--Yesterday, Mercedes-Benz USA (MBUSA) concluded their “Week of Caring” with Children's Healthcare of Atlanta (Children's) to bring comfort and joy to patients and their families. The week-long giveback initiative brought together over 250 MBUSA employee volunteers to participate in a variety of activities to brighten and uplift patients' spirits. “Week of Caring” served as the MBUSA employee kick-off event to celebrate the recently announced multi-year partnership with.

News for Mercedes-Benz Group AG Stock (MBGYY)