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.

STUTTGART, Germany--(BUSINESS WIRE)--At the Mercedes-Benz Group AG (ticker symbol: MBG) Annual General Meeting for the financial year 2023, the company outlined its strategic progress as a maker of desirable cars and vans. Shareholders approved all of the items on the agenda of the Annual General Meeting. Dr. Bernd Pischetsrieder stepped down after a decades-long career in the auto industry. He was for many years a member of the Board of Management of BMW AG and then Chairman of its Board of Ma.

Mercedes-Benz Group AG Annual General Meeting: Orderly transition in times of transformation

Mercedes-Benz Chief Executive Ola Kaellenius on Wednesday spoke against imposing restrictions on trade with China, stressing that the country remains the group's most important market.

Mercedes CEO speaks against restrictions on trade with China

German premium carmaker Mercedes-Benz on Wednesday rejected claims that it has been trying to prevent the formation of a union at its Alabama plant.

Mercedes rejects claims it prevented unionising at US plant

SUNNYVALE, Calif.--(BUSINESS WIRE)--Mercedes-Benz Research & Development North America, Inc. (MBRDNA), a Silicon Valley-headquartered research and development subsidiary of Mercedes-Benz, has started new research collaborations with two universities: 1. Stanford University School of Engineering; and 2. the University of California San Diego's Contextual Robotics Institute. MBRDNA has earmarked a six-month funding initiative aimed at advancing the research of AI and its potential to elevate.

Mercedes-Benz Research & Development North America Funds Educational Initiatives in AI and Automated Driving at Stanford and University of California San Diego

Mercedes-Benz Group AG (OTCPK:MBGAF) Q1 2024 Earnings Conference Call April 30, 2024 2:00 AM ET Company Participants Steffen Hoffmann - Head, Investor Relations & Treasury Harald Wilhelm - Chief Financial Officer Conference Call Participants Tim Rokossa - Deutsche Bank George Galliers - Goldman Sachs Stephen Reitman - Bernstein Societe Generale José Asumendi - JPMorgan Philippe Houchois - Jefferies Henning Cosman - Barclays Horst Schneider - Bank of America Operator Welcome to the Global Conference Call of Mercedes-Benz. At our customers' request, this conference will be recorded.

Mercedes-Benz Group AG (MBGAF) Q1 2024 Earnings Call Transcript

Mercedes-Benz reported lower profit and revenue for the first quarter fell on fewer cars sales and supply-chain bottlenecks but confirmed its guidance for the year.

Mercedes-Benz Posts Profit Beat Despite Lower Car Sales

Luxury carmaker Mercedes-Benz on Tuesday reported lower first-quarter profits and sales that were in line with expectations, adding it would hold and defend high pricing levels seen in the first quarter.

Mercedes-Benz vows to defend pricing levels after in-line Q1 profit drop

The Justice Department has concluded an eight-year-long probe into Mercedes-Benz relating to diesel emissions without filing charges, multiple outlets reported Saturday, nearly four years after the German automaker reached a $1.5 billion settlement to settle separate allegations that it cheated on emissions tests.

Justice Department Ends Mercedes-Benz Emissions Probe Without Filing Charges

The U.S. Department of Justice has closed its probe into the Mercedes-Benz diesel emissions scandal and the car manufacturer is no longer facing charges, the company said on Saturday.

Mercedes-Benz says US DOJ ended investigation into diesel emissions scandal

Mercedes-Benz is planning to launch a luxury electric van for the Chinese market based on its VAN.EA platform, the head of the carmaker's vans division told German magazine WirtschaftsWoche.

Mercedes-Benz to launch luxury electric van for Chinese market

Mercedes Benz's China sales chief said on Thursday that they had brought a number of electric models to the Beijing Autoshow and that the German automaker hoped this would put to rest "rumours" that the company had given up on electrification.

Mercedes Benz shows off electric line-up at Beijing autoshow, not giving up on electrification

Workers at a Mercedes Benz factory in Vance, Alabama will vote between May 13 and May 17 on whether to join the United Auto Workers union, the National Labor Relations Board (NLRB) said on Thursday.

Mercedes-Benz workers to vote on UAW membership in May

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ATLANTA--(BUSINESS WIRE)--Mercedes-Benz USA (MBUSA) today reported Q1 2024 group* sales of 66,570 Passenger Cars. Additionally, Mercedes-Benz Vans reported Q1 2024 sales of 16,053 units, bringing MBUSA to a total of 82,623 vehicles for the quarter, up 5% from the same quarter last year. “Our Q1 results demonstrate the sustained volume growth for the Mercedes-Benz brand, a testament to the strong demand for our products, backed by the commitment of our dealer partners to deliver for our customer.

Mercedes-Benz USA Reports Q1 2024 Group Sales of 82,623 Vehicles

Mercedes Benz sales fell 6% in the first quarter, hit by supply bottlenecks in Asia and its luxury model range changeover, the German premium carmaker said on Wednesday.

Mercedes-Benz Q1 sales drop on supply bottlenecks in Asia

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.

News for Mercedes-Benz Group AG Stock (MBGYY)