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.

Toyota Motor

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

Mercedes-Benz beats Tesla for approval of automated driving tech in California

ATLANTA--(BUSINESS WIRE)--Mercedes‑Benz today announced that its class-leading DRIVE PILOT system for SAE Level 31 conditionally automated driving received certification from California state authorities. With this significant milestone Mercedes-Benz is the first car manufacturer with authorization to introduce such a SAE Level 3 system in a standard-production vehicle for use on public freeways in the most populous state in the United States. DRIVE PILOT will be available in the U.S. market as.

Conditionally Automated Driving: Mercedes-Benz DRIVE PILOT Further Expands U.S. Availability to the Country's Most Populous State Through California Certification

The California Department of Motor Vehicles on Thursday approved Mercedes-Benz's automated driving system on designated highways under certain conditions without the active control of a driver.

California DMV conditionally approves Mercedes-Benz's automated driving tech

STUTTGART, Germany--(BUSINESS WIRE)--Mercedes-Benz signed a supply agreement with Swedish start-up H2 Green Steel (H2GS) over approximately 50,000 tonnes almost CO₂-free steel per year for its European press shops and deepened its partnership through a Memorandum of Understanding (MoU) with the aim to establish a sustainable steel supply chain in North America. After taking an equity stake in H2GS in 2021, the new supply agreement enables Mercedes-Benz to bring almost CO₂-free steel into series.

Mercedes-Benz AG and H2 Green Steel secure supply deal and an MoU to establish North American supply chain

FARMINGTON HILLS, Mich.--(BUSINESS WIRE)--Mercedes-Benz Financial Services USA LLC, which provides finance, lease and insurance services to customers of Mercedes-Benz brand cars, SUVs and vans, announced today that the CEO of Mercedes pay USA will take part in a connected car panel at AutoTech Detroit on Wednesday, June 7th to detail how Mercedes pay is turning the car into a payment device, together with a representative of Mercedes pay's partner in offering in-car payments for off-street park.

Mercedes-Benz Financial Services Announces In-Car Payment Feature for Parking, powered by Mercedes pay, at AutoTech Detroit

Mercedes Benz Group , a longtime partner of Renault in vans, won't take part in the French company's FlexEvan electric project and will focus instead on its own premium electric vehicle VAN.EA, two sources with knowledge of the matter said.

Mercedes won't join Renault's new electric van project-sources

Mercedes reported especially strong Q1 2023 results for its Vans division. A recent Strategy Update event for the Vans segment made it clear that this should not be a one-time thing. The Mercedes Vans strategy focuses on medium and large vans, strong pricing power, electrification, and industry-leading cost efficiency.

Mercedes-Benz: Vans Strategy Update Adds To The Bull Case

STUTTGART, Germany--(BUSINESS WIRE)--Andrew Cornelia appointed to lead the new Mercedes-Benz charging network in North America - Christopher Trainor responsible for finance.

Andrew Cornelia Appointed to Lead the New Mercedes-Benz Charging Network in North America - Christopher Trainor Responsible for Finance

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Plant expected to create 2,000 jobs as France aims to be self-sufficient in vehicle battery production by 2027

France opens first electric vehicle battery gigafactory

Mercedes-Benz would need at least 200 GWH battery capacity or roughly 8 gigafactories worldwide to go close to full electrification, the company's CEO Ola Kallenius told Reuters.

Mercedes Benz CEO: company would need roughly 8 gigafactories worldwide to go close to full electrification

Mercedes-Benz Group's stock price does not currently reflect the fair value of the company, with the author arguing that it deserves a considerably higher valuation. Mercedes-Benz Cars should be valued at a higher multiple given its profitability and increasingly luxurious product line-up. Even with conservative assumptions of the value of the group's other businesses and an added conglomerate discount, there is significant upside.

Mercedes-Benz Deserves A Significantly Higher Valuation

ATLANTA--(BUSINESS WIRE)--Mercedes-Benz USA (MBUSA) announced today, three executive appointments to its U.S. leadership team. Melody Lee was appointed Chief Marketing Officer, Heike Scheuble was named Managing Director, Mercedes-Benz Vans and Jee-Seop Kim was announced as Head of Customer Services. All three executive roles will be based in Atlanta, Georgia. “I am incredibly excited to further strengthen our U.S. executive leadership team with the broad expertise that Melody, Heike and Jee-Seo.

Mercedes-Benz USA Announces Key Executive Appointments

Mercedes-Benz's van unit said on Tuesday that it plans a new, scalable platform for its electric vans that will reduce fixed costs by 20% by the middle of the decade and that electric models should make up 50% of its van sales by 2030.

Mercedes plans new electric van platform, 20% cost cuts by mid-decade

The business unit leverages its strong competitive advantage due to its diversified portfolio, resilient business model and premium strategy. Focusing on the Top-End segments and the most profitable use cases of the different light commercial vehicle industries.

Strategy Update: Mercedes-Benz Vans to Further Strengthen Its Position as Leading Manufacturer of Premium Light Commercial Vehicles

One person has been killed and another seriously injured in a shooting at a Mercedes-Benz plant in Sindelfingen, southern Germany, according to police.

One dead in shooting at Mercedes-Benz plant in Germany

An incident took place at the Mercedes-Benz Daimler factory in southern Germany on Thursday, resulting in one fatality and one injured, local German police said.

One dead in incident at Mercedes plant in Germany, police say

STUTTGART, Germany--(BUSINESS WIRE)--The shareholders of Mercedes-Benz Group AG (ticker symbol: MBG) approved all of the items on the agenda of the Annual General Meeting. Bernd Pischetsrieder will, following the expiration of his current mandate as Chaiman of the Supervisory Board of Mercedes-Benz Group AG, not make himself available for a further term of office. His term ends at the end of the Annual General Meeting next year (2024). In keeping with long-term orderly succession planning, Bern.

Voting Results of the Annual General Meeting of Mercedes-Benz Group AG on May 3, 2023

Mercedes-Benz has seen strong revenue growth in the most recent quarter - particularly across the Vans segment. In spite of inflationary pressures, demand across the European market has remained strong.

Mercedes-Benz: Van Segment Performance Impressive

STUTTGART, Germany--(BUSINESS WIRE)--At the Mercedes-Benz Group AG (ticker symbol: MBG) Annual Meeting for the financial year 2022 the company outlines its strategic progress while delivering strong financial results and shareholder returns. “The Mercedes-Benz Group successfully overcame the challenges of the past year, demonstrating a high level of resilience and great adaptability while remaining focused on substantial progress in implementing, developing, and sharpening its sustainable busin.

Mercedes-Benz Group Annual Meeting: Transformation on track

Mercedes Benz Group AG (MBGAF) Q1 2023 Earnings Call Transcript.

Mercedes Benz Group AG (MBGAF) Q1 2023 Earnings Call Transcript

By David Sachs Mercedes-Benz Group AG on Friday confirmed its outlook for the year and reported higher profit and revenue in the first quarter on sales of.

Mercedes-Benz confirms outlook after higher profit and revenue

STUTTGART, Germany--(BUSINESS WIRE)--Mercedes-Benz Group AG (ticker symbol: MBG) achieved healthy first quarter financial results thanks to a rise in sales of Top-End vehicles and premium vans. Improved pricing outweighed headwinds from material costs. Together with higher sales, as well as a favorable product mix, it resulted in Earnings Before Interest and Taxes (EBIT) of €5.5 billion (Q1 2022: €5.2 billion). First-quarter revenue increased 8% to €37.5 billion (Q1 2022: €34.9 billion) and adj.

Mercedes-Benz Q1 Results Driven by Top-End Cars and Premium Vans

Mercedes: The Bull Case Is Getting Stronger.

Mercedes: The Bull Case Is Getting Stronger

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