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.

Mercedes-Benz is making China, the world's top auto market, central to its next electric vehicle (EV) campaign starting in 2025, its CEO told German magazine Automobilwoche.

China to be centre of Mercedes-Benz 2025 EV sales drive, Automobilwoche says

Ferrari

Volkswagen AG

Mercedes-Benz, Volkswagen, and Ferrari have a very strong dependence on Asian markets despite historic global appeal. Mercedes-Benz and Volkswagen have a deepening footprint in the U.S., primarily driven by increasing demand for its Electric Vehicles. Volkswagen's relative underperformance over the past year is mostly undeserved. Net profit in Q1 has been the best it has been for quite some time.

Ferrari, Volkswagen And Mercedes-Benz Deepen Asia Dependence

Mercedes-Benz stock (OTCMKTS: MBGAF) has had a relatively strong year so far, with its stock up by almost 16%, roughly in line with the S&P 500.

With High-End Luxury Car Sales Strong, Is Mercedes-Benz Stock Attractive?

ATLANTA--(BUSINESS WIRE)--Mercedes-Benz USA (MBUSA) today reported Q2 2023 sales of 77,287 Mercedes-Benz models. Additionally, Mercedes-Benz Vans reported Q2 2023 sales of 18,732 units, bringing MBUSA to a total of 96,109 vehicles for the quarter. MBUSA has introduced five Electric Vehicles (EQ) in the Mercedes-Benz electric line-up, including EQS Sedan, EQS SUV, EQB, EQE Sedan and the EQE SUV. Strong, sustained demand for EQ and Top-End Vehicles propelled Q2 Top-End growth of 40% for a total o.

Mercedes-Benz USA Reports Q2 2023 Total Sales of 96,109 Vehicles

Mercedes-Benz Group sales in the second quarter rose 6% year-on-year - a total of 515,700 vehicles - on the back of demand for all-electric and top-end vehicles, the German carmaker said on Tuesday.

Mercedes sales rise in Q2 on top-end, electric vehicles

Tesla

Mercedes-Benz announced its electric vehicle drivers will be able to use Tesla superchargers starting next year and that it will fully adopt the company's charging standard in 2025.

Mercedes-Benz to adopt Tesla's EV charging standard in North America

Mercedes-Benz is the first German-based electric vehicle maker to sign a deal to use Tesla superchargers in North America.

Mercedes-Benz Joins Ford and GM In Using the Tesla Charging Network

Mercedes-Benz is the latest in a string of automakers to announce plans to adopt Tesla's charging standard for electric vehicles and allow access to its Supercharger network.

Mercedes-Benz to adopt Tesla charging standard for EVs, access Supercharger network

German auto maker Mercedes-Benz said Friday its U.S. EV owners will have access to Tesla Inc.'s TSLA, -0.42% fast-charging network by next year. Mercedes-Benz is the first German legacy auto maker to join the likes of Ford Motor Co. F, +0.53% and General Motors Co. GM, +0.42% in inking deals with Tesla for the use of Tesla's “Supercharger” fast-charging network off freeways and major roads.

Mercedes-Benz EVs to use Tesla fast-charging network

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

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

News for Mercedes-Benz Group AG Stock (MBGYY)