Mercedes-Benz Group AG

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

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.

Cie Financiere Richemont SA

Estee Lauder

MarineMax

Kering SA

Here's how to cash in on luxury stocks whose businesses cater to big spenders.

Why Luxury Stocks are Worth Investing In

adidas AG

Ford Motor Company

General Motors

Home Depot

Honda

Lumber Liquidators

Mohawk Industries

NIKE

Pinduoduo Inc - ADR

Stellantis N.V. 

Toyota Motor

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

Volkswagen 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

The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive the full edition of the newsletter every weekend in your inbox.

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

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

TotalEnergies SE

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.

News for Mercedes-Benz Group AG Stock (MBGYY)