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 has shared plans to open its first electric vehicle DC fast-charging hubs in Atlanta, Georgia; Chengdu, China; and Mannheim, Germany, starting in the fourth quarter of 2023.

Mercedes to open first charging hubs in Atlanta, China, Germany

Mercedes-Benz Group AG DAII, +3.03% MBG, +0.07% said Monday it plans to build up a network of 2,000 charging hubs by the end of 2024, starting with three charging stations this fall in Atlanta, Chengdu, China and Mannheim, Germany. The auto maker plans to create more than 10,000 charging points by the end of the decade.

Mercedes-Benz plans to open first EV charging stations this fall in Atlanta, China and Germany

STUTTGART, Germany--(BUSINESS WIRE)--Mercedes-Benz will open its first high-powered charging stations worldwide this fall, plan to build 10,000 high-powered chargers by end of decade.

Mercedes-Benz to open its first high-power charging stations worldwide this fall

Mercedes-Benz CEO said the company's EVs — which include the EQA and EQE SUV — had received a "good reception" so far.

A marathon, not sprint: Mercedes-Benz CEO outlines challenges in shift to EVs

STUTTGART, Germany--(BUSINESS WIRE)--The Supervisory Board reappointed Ola Källenius (54) as Chairman of the Board of Management of Mercedes-Benz Group AG until May 21, 2029, at its meeting today. It also extended the contract of Markus Schäfer (58) until May 21, 2026. As Chief Technology Officer, Markus Schäfer is the Board of Management member responsible for Development & Procurement. ”Ola Källenius has put Mercedes-Benz in an excellent position for the future. With the clear focus of th.

Mercedes-Benz Group AG Supervisory Board reappoints Ola Källenius and Markus Schäfer and sharpens areas of responsibility of Board of Management

Mercedes-Benz Group AG (OTCPK:MBGAF) Q2 2023 Earnings Conference Call July 27, 2023 2:00 AM ET Company Participants Steffen Hoffmann - Head of Investor Relations and Treasury Ola Källenius - Chief Executive Officer Harald Wilhelm - Chief Financial Officer Conference Call Participants George Galliers - Goldman Sachs Group Daniel Roeska - Sanford C. Bernstein & Co. Tim Rokossa - Deutsche Bank AG Jose Asumendi - JPMorgan Chase & Co. Horst Schneider - Bank of America Merrill Lynch Operator Welcome to the Global Conference Call of Mercedes-Benz.

Mercedes-Benz Group AG (MBGAF) Q2 2023 Earnings Call Transcript

STUTTGART, Germany--(BUSINESS WIRE)--Mercedes-Benz Group's (ticker symbol: MBG) sharpened focus on sustainable growth through sales of desirable cars and premium vans, combined with tight cost control, lifted second-quarter Earnings Before Interest and Taxes (EBIT) by 8% to €5.0 billion (Q2 2022: €4.6 billion) and revenue by 5% to €38.2 billion (Q2 2022: €36.4 billion). At Mercedes-Benz Cars the adjusted Return on Sales (RoS) reached 13.5% in the quarter (Q2 2022: 14.2%) thanks to disciplined p.

Mercedes-Benz Q2 Performance Underpinned by Strong Sales of Top-End Cars and Premium Vans

Mercedes-Benz forecast on Wednesday a subdued world economy with monetary policy weighing on consumers even as supply chain issues and energy price pressures eased, as it raised its group earnings outlook for the full-year.

Mercedes-Benz: stabilising supply chains boost orders, subdued economy still weighs

STUTTGART, Germany--(BUSINESS WIRE)--Due to the solid financial performance in the second quarter of 2023, Mercedes-Benz Group today updated its full-year outlook: Industrial Free Cash Flow for the Group is now expected slightly above the prior-year level (previously: at the same level) Mercedes-Benz Group anticipates EBIT in 2023 at the same level as last year (previously: slightly below) Mercedes-Benz Vans now expects the adjusted Return on Sales between 13% and 15% (previously: 11% to 13%) T.

Mercedes-Benz Group AG Raises Full-Year Guidance Based on Solid Financial Results in the Second Quarter

Mercedes-Benz Group AG on Wednesday said it has raised its full-year forecast for earnings before interest and taxes.

Mercedes-Benz raises annual earnings forecast

Bayerische Motoren Werke AG

General Motors

Honda

Hyundai Motor Company

Stellantis N.V. 

The companies will jointly spend at least $1 billion to build a North American network in an effort to persuade more people to buy battery-powered cars and trucks.

G.M. and Other Automakers Will Build 30,000 Electric Vehicle Chargers

A group of major automakers on Wednesday said they were forming a new company to provide electric vehicle charging in the United States in a challenge to Tesla and a bid to take advantage of Biden administration subsidies.

In challenge to Tesla, major automakers launch EV charging network

General Motors, BMW Group, Mercedes-Benz, Honda, Hyundai, Kia and Stellantis are creating a network of 30,000 DC fast chargers for EVs

GM, Other Big Automakers Form EV Charging Joint Venture

GM, Honda and Stellantis are among the companies planning a joint investment to build thousands of electric-vehicle charging stations in the U.S.

Automakers Plan Thousands of EV Chargers in $1 Billion U.S. Push

STUTTGART, Germany--(BUSINESS WIRE)--With digitalization and the increasing use of powerful artificial intelligence (AI) systems, every job profile at Mercedes-Benz is changing. As part of the Turn2Learn qualification initiative, Mercedes-Benz is investing more than €2 billion in the qualification of its global workforce until 2030. The Turn2Learn initiative focuses specifically on digitalization and AI. For example, in the two pilot programs D.SHIFT and Data Worker, more than 600 employees fro.

Mercedes-Benz Trains More Than 600 Data and AI Specialists Worldwide in 2023

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We continue with our recurring series based on analyzing mid-cap stocks that have enjoyed periods unusual insider interest during the second quarter of the year. An overwhelming trend of bank insiders buying stakes in the regional banking sector still pursues, with insiders signaling that the banking crisis was largely overblown in our view. Today, we are dissecting insider purchases from notable insiders in Zions Bancorporation, Luminar Technologies, GameStop Corporation, East West Bancorp, and Ameris Bancorp.

Strong Mid-Cap Insider Buys: Q2 2023

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.

News for Mercedes-Benz Group AG Stock (MBGYY)