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.

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.

LG Energy Solution to supply EV batteries to Mercedes-Benz affiliate in North America

Industry data released on Monday indicated a significant rise in South Korea's imported car market, with September sales increasing by 10.1% compared to the previous year, reaching 24,839 vehicles. This growth is attributed to the stable supply of new models from foreign brands.

Mercedes-Benz and BMW Lead September Growth in South Korean Imported Car Sales

Volkswagen AG

IG Metall, the powerful German labour union, and employee representatives of the nation's major carmakers said in a statement on Thursday that Germany should vote against the introduction of European Union tariffs on Chinese electric vehicles.

German union, auto workers call on Germany to vote against EU tariffs on Chinese EVs

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European automakers are most likely affected by the dockworkers strike at U.S. East Coast and Gulf Coast ports because they rely heavily on those locations, but a longer walkout could hit the industry more broadly if suppliers suffer, analysts said.

European automakers most at risk from US dockworkers strike, analysts say

Mercedez-Benz USA is recalling more than 27,000 vehicles due to a potential risk of the engine control unit (ECU) software causing the engine to overheat or stall, the National Highway Traffic Safety Administration said on Friday.

Mercedes-Benz USA to recall over 27,000 vehicles over risk of engine stall, NHTSA says

The head of China's powerful state planner met Ola Kallenius, chairman of the management board of Mercedes-Benz in Beijing, the agency said on Friday.

China urges 'active' role by Mercedes-Benz in auto sector co-operation

The European auto landscape has been hit with a flurry of profit warnings of late, leading equities analysts to moderate their outlook on the sector in the year ahead. On a one-two punch for Germany's car manufacturers, Mercedes last week warned of lower sales ahead, barely a week after BMW delivered a similarly cautious warning.

Mercedes-Benz rating lowered as flurry of profit warnings hits German auto sector

Mercedes-Benz said its cars equipped with its automated driving system will be upgraded to drive autonomously at up to 95 kilometres per hour on German motorways in certain conditions.

Mercedes-Benz to accelerate autonomous driving on German autobahns

Top-end German carmakers have joined expensive French handbags among the products hit by weak consumer sentiment in the country.

Mercedes, BMW Flash Warning Lights on China

Mercedes-Benz shares fell 8% on Friday morning as the company cut its guidance for the second time since July

Mercedes-Benz cuts guidance on slump in China's economy

Mercedes shares fell more than 8% Friday after the German carmaker cut its 2024 guidance on the back of weaker demand from China.

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