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 Group AG announced that its joint venture with MN8 Energy has inaugurated its first electric vehicle (EV) charging hub at its US headquarters in Sandy Springs, Georgia. The luxury car maker said the inaugural hub is the first step in Mercedes-Benz HPC North America's plan to invest over $1 billion to deliver 2,500 chargers within at least  400 charging hubs across North America by the end of the decade.

Mercedes-Benz launches first EV charging hub in North America

ATLANTA--(BUSINESS WIRE)--Mercedes-Benz launches fastest EV charging network in North America, open to all EV brands with reservations available for Mercedes-Benz drivers.

Mercedes-Benz launches first EV charging hub in North America; Network aims to deliver a fast, reliable, premium charging experience for drivers of all EV brands.

ATLANTA--(BUSINESS WIRE)--Mercedes-Benz (MBAG) is launching the “Holidays with Love” global campaign to celebrate the meaningful connections that make the holiday season special. The ad campaign spotlights Mercedes' innovative and tech-forward vehicles which help people connect for the season and shows friends, partners, and family embracing as they come together within their homes and communities. The EQS Sedan, EQS SUV, EQE SUV, EQB, S-Class, E-Class and C-Class can be seen in the background,.

Mercedes-Benz Launches “Holidays with Love” Global Campaign to Celebrate Connections and Community

Some of the cars might not have functioning inspection gauges to determine if the rear brake pads are worn.

Mercedes-Benz Recalls Nearly 43,000 Cars Over Missing Brake Inspection Gauges

NEW YORK--(BUSINESS WIRE)--Mercedes-Benz will build charging hubs at Buc-ee's travel centers, helping address EV charging deserts in Texas and the Southeast.

Mercedes-Benz Announces Strategic Agreement with Buc-ee's to Join Forces to Deliver Premium EV Charging Experience at Buc-ee's Locations Nationwide

Bayer AG

German stocks are not doing well as the economy goes through substantial challenges. The most recent data showed that business confidence has tumbled while manufacturing and services PMIs have remained below 50.

These 5 DAX index companies are in trouble as their stocks plunge

NEW YORK--(BUSINESS WIRE)--Mercedes-Benz EV Charging Network to expand to 55 Simon retail destinations across the United States.

Mercedes-Benz Announces Strategic Alliance with Simon® to Expand High-Power Charging Network

Mercedes-Benz stock has seen a pullback due to declining revenue and profit growth, but shows good upside potential. The company's focus on the luxury segment and strong brand value contribute to its pricing power and potential for solid margins. Even though there are some risk factors, at current prices, the stock seems undervalued and has the potential for a decent upside move.

Mercedes-Benz: Attractive Again After Pullback

STUTTGART, Germany--(BUSINESS WIRE)--Mercedes-Benz is rolling out an internal web application for its employees – the Mercedes‑Benz Direct Chat. It uses OpenAI´s ChatGPT technology through Microsoft Azure OpenAI Service. It's a text generator that uses machine learning and natural-language processing to deliver precise and contextual answers in just a few seconds. The intuitive and user-friendly Mercedes‑Benz Direct Chat can, for example, help with the creation of e-mails, reports and other wor.

Mercedes-Benz Direct Chat: an internal ChatGPT application for employees

Ford Motor Company

General Motors

Ford, General Motors and Mercedes-Benz all responded to concerns over waning demand for electric vehicles this week, as automakers navigate the EV push.

Ford, GM, Mercedes come clean on EV demand weakness

Mercedes-Benz Group AG (OTCPK:MBGAF) Q3 2023 Earnings Call Transcript October 26, 2023 2:00 AM ET Company Participants Steffen Hoffmann - Head of Investor Relations and Treasury Harald Wilhelm - Chief Financial Officer Conference Call Participants George Galliers - Goldman Sachs Group Patrick Hummel - UBS Tim Rokossa - Deutsche Bank Jose Asumendi - JPMorgan Horst Schneider - Bank of America Stephen Reitman - Societe Generale Henning Cosman - Barclays Harald Hendrikse - Citi Operator Welcome to the Global Conference Call of Mercedes-Benz. At our customers' request, this conference will be recorded.

Mercedes-Benz Group AG (MBGAF) Q3 2023 Earnings Call Transcript

The German carmaker said it had faced intense price competition, particularly in electric vehicles.

Mercedes-Benz shares fall 6% as profit falls; CFO bemoans 'brutal' EV pricing

STUTTGART, Germany--(BUSINESS WIRE)--Mercedes-Benz Group AG (ticker symbol: MBG) achieved solid third-quarter results in a subdued market environment marked by intense price competition, particularly in the electric vehicle segment. Earnings Before Interest and Taxes (EBIT) reached €4.8 billion (Q3 2022: €5.2 billion) as improved net pricing at Mercedes-Benz Cars and a rise in sales of premium vans helped to partially offset higher inflation, currency effects and supply-chain related costs. Rev.

Mercedes-Benz Group Solid Q3 Results Underscore Resilience in a Subdued Market Environment

Mercedes-Benz expects the adjusted return on sales of its cars division for the full year to hit the lower end of its 12-14% forecast, the company said on Thursday, as it reported a drop in third-quarter earnings due partly to lower deliveries.

Mercedes-Benz expects to hit lower end of returns forecast for cars division

Stellantis N.V. 

Bayerische Motoren Werke AG

Nissan Motor Co Ltd

Volkswagen AG

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A Stuttgart court on Thursday ruled that German automaker Mercedes-Benz must pay damages for the instalment of illegal defeat devices in its diesel cars, the court said in a statement.

Court orders Mercedes to pay damages over diesel defeat devices

Mercedes Benz Group AG's luxury strategy is worth keeping an eye on in spite of the carmaker reporting weaker sales in the third quarter of the year, Citigroup analysts say. Though top-end sales were down 11% over the three months to September, alongside a 4% fall in overall passenger vehicles, Citi reiterated backing for Merecedes' luxury push.

Mercedes' luxury strategy key in boosting value - analysts

ATLANTA--(BUSINESS WIRE)--Mercedes-Benz USA (MBUSA) today reported Q3 2023 sales of 71,098 Mercedes-Benz models. Additionally, Mercedes-Benz Vans reported Q3 2023 sales of 18,913 units, bringing MBUSA to a total of 90,011 vehicles for the quarter. As part of its electric product offensive, MBUSA introduced five Electric Vehicles (EQ) to 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.

Mercedes-Benz USA reports Q3 2023 total sales of 90,011 vehicles

Sales of Mercedes-Benz cars dipped slightly in the third quarter with a steeper drop in China and the United States on model changes and lack of parts, the carmaker said on Tuesday.

Mercedes-Benz sales dip slightly in Q3 on model changes, lack of parts

FORT LAUDERDALE, Fla..--(BUSINESS WIRE)--Haig Partners LLC served as the exclusive sell-side advisor to Rod McGeorge on the sale of Mercedes-Benz of Richmond and Mercedes-Benz of Midlothian, located in greater Richmond, Virginia, to Murgado Automotive Group. This announcement comes on the heels of the recently announced sale of McGeorge Toyota. The McGeorge family of dealerships has been serving the Richmond, Virginia area for more than 60 years. Initially formed as The David R. McGeorge Car Co.

Haig Partners Served as the Exclusive Sell-Side Advisor on the Sale of Mercedes-Benz of Richmond and Mercedes-Benz of Midlothian

After soaring to a 2023 high of over $15 per share in early August, US-listed shares of electric vehicle (EV) manufacturer Nio (NYSE: NIO) have experienced a sharp decline, nearly halving in value since then.

Nio stock price prediction as company eyes major EV deal with Mercedes

Mercedes-Benz has seen significant growth since 2020, with a 118.18% increase in stock price. The company remains profitable with a strong business model and high margins. There are concerns about the long-term implications of changes in the business model and potential impact on the company's appeal.

Mercedes-Benz: Superb Returns, But Cloudy Future (Rating Downgrade)

Nio Inc, the Chinese electric vehicle (EV) startup, held exploratory talks with Mercedes-Benz, which would involve the German automaker investing in Nio in exchange for its technology and its research and development (R&D) capabilities, Reuters reported, citing people with direct knowledge of the matter.  The media outlet noted the talks did not get as far as discussion on details on the technology to be transferred and the potential financial investment, with one source saying it was highly unlikely the partnership would proceed.

Nio held investment, tech sharing talks with Mercedes-Benz: report

Nio (NYSE: NIO ) stock is on the move Thursday as reports claim the electric vehicle (EV) company is in talks with Mercedes-Benz (OTCMKTS: MBGYY ). According to insiders who spoke with R euters about the matter, the two companies have been holding exploratory talks.

NIO Stock Alert: Nio Allegedly Is in Talks With Mercedes-Benz

Nio has held exploratory talks with Mercedes-Benz for a tie-up that would see the German automaker invest in the Chinese electric vehicle startup in exchange for technology, two people with direct knowledge of the matter said.

News for Mercedes-Benz Group AG Stock (MBGYY)