Mercedes-Benz Group AG (MBGAF)
OTC PINK OTC PINK Primary Summary
Mercedes-Benz Confirms Guidance After Tariffs, Chinese Weakness Weigh on Earnings
The carmaker said earnings took a hit from weakness in China and U.S. import tariffs as it reported a drop in net profit.
Mercedes-Benz reports 70% fall in third-quarter operating profit
Mercedes on Wednesday reported a 70% drop in operating profit in the third quarter, as the cost of job cuts added to U.S. tariff woes and weak demand for the German luxury carmaker.
Mercedes cuts EVs' environment footprint with low-carbon aluminium
Aluminium made with renewable power and from recycling is helping luxury automaker Mercedes-Benz cut CO2 emissions in the production of its new line of electric vehicles, part of a wider effort to decarbonise operations, executives told Reuters.
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Mercedes-Benz Group AG Profile
| Automobiles Industry | Consumer Discretionary Sector | Mr. Ola Kallenius CEO | OTC PINK Exchange | DE0007100000 ISIN |
| DE Country | 163,132 Employees | 9 May 2025 Last Dividend | 12 Jun 1998 Last Split | - IPO Date |
Overview
Mercedes-Benz Group AG is a pivotal player in the global automotive industry, with its roots deeply entrenched in Germany but extending its reach internationally. Initially known as Daimler AG, the company underwent a significant rebranding in February 2022 to become Mercedes-Benz Group AG. This move not only symbolized a return to its iconic Mercedes-Benz brand but also reflected its focus on strengthening the identity associated with its luxury vehicles and mobility solutions. Founded in 1886, Mercedes-Benz Group AG has evolved over the centuries, pioneering in automotive excellence and innovation. The company's headquarters are situated in Stuttgart, Germany, serving as a hub for its vast operations that span across various segments, including Mercedes-Benz Cars, Mercedes-Benz Vans, and Mercedes-Benz Mobility.
Products and Services
- Mercedes-Benz Cars
Mercedes-Benz Group AG is renowned for its luxury vehicles, including sedans, coupes, convertibles, and SUVs under the prestigious Mercedes-Benz, Mercedes-AMG, Mercedes-Maybach, and G-Class brands. The vehicles are acclaimed for their advanced technology, superior design, safety, and performance.
- Mercedes-Benz Vans
The company also excels in the manufacturing and sale of vans that cater to both personal and commercial use. These vans are designed to offer versatility, reliability, and efficiency, meeting the varied needs of customers.
- Spare Parts and Accessories
A comprehensive range of spare parts and accessories is available for all Mercedes-Benz vehicles, ensuring longevity and performance. These products are designed to meet the strict quality standards set by Mercedes-Benz.
- Financing and Leasing
Through Mercedes-Benz Mobility, the company offers financial services including financing and leasing options, making vehicle ownership accessible and convenient for customers worldwide.
- Car Subscription and Rental Services
To cater to the evolving needs of modern consumers, Mercedes-Benz provides subscription and rental services, offering flexibility and a wide selection of vehicles for temporary use.
- Fleet Management
For businesses, Mercedes-Benz offers comprehensive fleet management services, ensuring efficiency and cost effectiveness in managing corporate vehicle fleets.
- Insurance Brokerage
Mercedes-Benz facilitates insurance brokerage services, providing customers with tailored insurance offers that ensure peace of mind and protection for their vehicles.
- Mobility Services
Apart from physical vehicles, the company is pioneering in providing innovative mobility services that enhance urban mobility and offer seamless transportation solutions.
- Digital Services for Charging and Payment
In response to the growing emphasis on electric mobility, Mercedes-Benz has developed digital services for charging and payment, simplifying the process for electric vehicle owners.
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