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.

IRVINE, Calif.--(BUSINESS WIRE)-- #AlliantConsumerGroup--Odalys Arevalo and Mercedes Cabrera were honored with the Lifetime Achievement Award by the South Florida Hispanic Chamber of Commerce.

Odalys Arevalo and Mercedes Cabrera Honored with Lifetime Achievement Award by South Florida Hispanic Chamber of Commerce

Mercedes-Benz's works council chief said the carmaker must urgently win back market share and rethink its China strategy so sales did not drop below 2 million a year, which he said would be "unacceptable" to labour representatives.

Mercedes-Benz labour chief: we must win back market share, rethink China strategy

Mercedes-Benz Group AG's Q3 is representative of European car manufacturers' headwinds from poor EU demand and from rising Chinese EV competition. While the short-term outlook remains uncertain, Mercedes-Benz should benefit from EU's tariff on Chinese EVs, an improving economic outlook, and the company's strategic luxury & EV positioning. I estimate MBGAF stock to have significant 85% upside into around a $108 fair value, as I expect the company to stabilize its earnings.

Mercedes-Benz: Positioned To Conquer European Car Manufacturer Headwinds

Mercedes-Benz faces challenges with declining premium car demand and competition, particularly in China, but remains a premium brand with strong fundamentals and potential for recovery. Despite a tough 3Q24 and guidance for 2024, Mercedes's strategic focus is on profitability, quality, and new investments like MB.OS and battery recycling show promise. Valued below €57/share, Mercedes is significantly undervalued with a potential upside to €85/share, making it an attractive "Buy" for long-term investors.

Mercedes-Benz: Why The Company Is Undervalued Here

STUTTGART, Germany--(BUSINESS WIRE)--The Supervisory Board of Mercedes-Benz Group AG has decided on changes to the company's Board of Management. In 2025, Mercedes-Benz will bid farewell to the highly esteemed board members Sabine Kohleisen, Renata Jungo Brüngger, and Hubertus Troska as their contracts expire and they retire. They have significantly shaped the company over many years with their dedication and expertise. With the appointment of the new board members Mathias Geisen, Oliver Thöne,.

Changes to the Board of Management of Mercedes-Benz Group AG

German carmaker Mercedes-Benz will reshuffle its management board with four new members, the firm said on Wednesday, with changes due to take effect in 2025.

Mercedes-Benz reshuffles management board

ATLANTA--(BUSINESS WIRE)--Yesterday, Mercedes-Benz USA (MBUSA) partnered with nonprofit Safe Kids Worldwide and Communities In Schools of Atlanta to host a "Holidays with Love" giveback event at Miles Elementary School, part of the Atlanta Public School system, featuring interactive safety stations and holiday-themed activities to bring joy to students while teaching them life-saving winter safety tips. Atlanta United goalkeeper and brand ambassador Brad Guzan also surprised students during the.

Mercedes-Benz USA Hosts “Holidays with Love” Celebration with Atlanta United's Brad Guzan, Atlanta Public Schools and Safe Kids Worldwide

Mercedes-Benz is betting on China's Momenta to help it win back market share in the world's biggest auto market, with plans for fresh investment and at least four future models to use the autonomous driving startup's software, three sources with knowledge of the matter said.

Mercedes to use Momenta software in 4 models, accelerate China comeback, sources say

Mercedes-Benz plans to cut costs by several billion euros per year in the coming years, the Handelsblatt newspaper reported on Thursday, citing a spokesperson for the German carmaker.

Mercedes plans to cut costs by several billion euros per year, reports Handelsblatt

The United States has dominated the global market for years now. Since COVID, US markets against the world has looked like last weekend's Detroit Lions versus Jacksonville Jaguars game.

As American Stocks Reign Supreme, Buy This One

An Indian state said in October that Mercedes-Benz improved wastewater and air pollution management at its only car factory in the country after officials detected environment law lapses in recent inspections, government documents show.

India says Mercedes improved pollution management at plant after failing checks

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Stock prices of foreign automakers fell sharply Wednesday amid concerns the U.S. will hike tariffs on imported vehicles under President-elect Donald Trump. Trump has regularly said he will increase tariffs on new vehicles from China, Europe and Mexico, where many automakers have established manufacturing hubs.

Foreign automaker stocks slide on Trump tariff fears

ATLANTA--(BUSINESS WIRE)--Mercedes-Benz USA (MBUSA) is proud to announce the launch of its 2024 "Holidays with Love" campaign, inviting customers to embrace every moment of their journeys with loved ones. Building on the success of last year's global campaign, this year's global creative underscores the special connections that unfold during holiday travels, featuring heartwarming stories and stunning visuals that showcase Mercedes-Benz vehicles as more than a mode of transportation. In conjunc.

Mercedes-Benz USA Launches 2024 "Holidays with Love" Campaign to Celebrate the Joy of Togetherness

The German automaker cut its full-year profit margin twice during the third quarter, down to 4.7% from 12.4% a year before, as European car companies see their sales falter amid a weak Chinese economy.

Mercedes-Benz to ramp up cost cutting after profit drops by 50%

Mercedes-Benz Group AG (OTCPK:MBGAF) Q3 2024 Earnings Conference Call October 25, 2024 3:15 AM ET Company Participants Christina Schenck - Vice President & Head, Investor Relations & Treasury 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 Henning Cosman - Barclays Christina Schenck Good morning, ladies and gentlemen. This is Christina speaking.

Mercedes-Benz Group AG (MBGAF) Q3 2024 Earnings Call Transcript

The luxury-car maker's net profit halved in the third quarter and it said profitability in its main cars business was weaker due to softer pricing and lower sales of its higher-margin models.

Mercedes-Benz Earnings Slump on Tough Economic Backdrop, Fierce Competition

Europe's automakers are reeling from plunging EV sales and brutal competition in China. Mercedes-Benz became the latest to sound the alarm on Friday, posting a 31% drop in EV sales in its Q3 earnings.

Mercedes-Benz electric car sales plunge by a third as Chinese competition and stuttering demand hit home

Mercedes-Benz Group has said sluggish demand globally prompted a 54% drop in profit over the third quarter. Net profit fell to €1.72 billion (£1.44 billion) over the three months to September, the luxury carmaker said on Friday, on the back of a 7% drop in revenue to €34.53 billion.

Mercedes unveils slump in profit slumps on weak demand globally

German premium automaker Mercedes-Benz on Friday said third-quarter earnings in the core car division plunged by 64% as Chinese consumers continued to cut back on luxury goods off the back of a weakening economy.

Mercedes car earnings plunge 64% in Q3 on weak luxury demand in China

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QUALCOMM

Qualcomm on Tuesday said it was teaming up with Alphabet's Google to offer a combination of chips and software that will let automakers develop their own AI voice assistants using technology from the two firms.

Qualcomm, Alphabet team up for automotive AI; Mercedes inks chip deal

KUPPENHEIM, Germany--(BUSINESS WIRE)--Mercedes-Benz today opened Europe's first battery recycling plant with an integrated mechanical-hydrometallurgical process making it the first car manufacturer worldwide1 to close the battery recycling loop with its own in-house facility. The recycling plant in Kuppenheim, southern Germany, creates a genuine circular economy. This underpins the pioneering spirit and innovative strength of Mercedes-Benz as it strives to significantly reduce the consumption o.

Mercedes-Benz opens own recycling factory to close the battery loop

Mercedes-Benz laid off an unspecified number of employees from the Seattle office of its North American research and development arm, the company confirmed Wednesday.

Mercedes-Benz makes job cuts at cloud-focused R&D office in Seattle

ATLANTA--(BUSINESS WIRE)--Mercedes-Benz USA (MBUSA) today reported Q3 2024 group* sales of 85,037 Passenger Cars. Additionally, Mercedes-Benz Vans reported Q3 2024 sales of 12,769 units, bringing MBUSA to a total of 97,806 vehicles for the quarter. “In the third quarter we regained momentum with year-over-year growth for all three months in the quarter, culminating in 9% growth overall year-to-date. Our strong Q3 sales results were fueled by robust demand for our outstanding product portfolio—p.

Mercedes-Benz USA Reports Q3 2024 Group Sales of 97,806 Vehicles

Mercedes-Benz saw a slight drop in cars sales in the third quarter as weaker demand, particularly in Asia, outweighed improved product availability, the carmaker said on Thursday.

Mercedes-Benz cars sales dips in Q3 on weaker demand

South Korea's LG Energy Solution said on Tuesday it signed a deal to supply electric vehicle batteries to a Mercedes-Benz affiliate in North America and other regions.

News for Mercedes-Benz Group AG Stock (MBGYY)