Mercedes-Benz Group AG (MBGAF)
OTC PINK OTC PINK Primary 
Mercedes-Benz CEO calls on EU to reconsider EV fines amid slow demand
Mercedes-Benz CEO Ola Kaellenius expressed concerns to the European Commission regarding the current state of electric vehicle (EV) sales within the European Union, according to a Reuters report. He argued that the subdued sales figures are a direct result of weak consumer demand, rather than a lack of supply from automakers, Reuters said.
Mercedes-Benz 2024 car sales fall in tough year for automakers
Mercedes-Benz's core car sales fell in 2024, a tough year for the auto industry marked by waning demand in a weak economy, especially in key market China, the German luxury carmaker said on Friday.
Mercedes to expand in India's smaller cities as younger generations splurge
Germany's Mercedes-Benz , fresh off a year of record sales in India, plans to add another 20 dealerships or service outlets in 2025 - mainly in smaller cities where young, well-travelled business owners are indulging in luxury goods.
Mercedes revising profit outlook downwards in sluggish car market, source says
Mercedes-Benz will lower mid-term profitability targets for its passenger car business due to prolonged weakness in the market and the switch to electric-powered vehicles, a source familiar with the matter told Reuters on Tuesday.
Mercedes-Benz: Positioned To Conquer European Car Manufacturer Headwinds
Mercedes-Benz Group AG's Q3 is representative of European car manufacturers' headwinds from poor EU demand and from rising Chinese EV competition. While the short-term outlook remains uncertain, Mercedes-Benz should benefit from EU's tariff on Chinese EVs, an improving economic outlook, and the company's strategic luxury & EV positioning. I estimate MBGAF stock to have significant 85% upside into around a $108 fair value, as I expect the company to stabilize its earnings.
Mercedes-Benz: Why The Company Is Undervalued Here
Mercedes-Benz faces challenges with declining premium car demand and competition, particularly in China, but remains a premium brand with strong fundamentals and potential for recovery. Despite a tough 3Q24 and guidance for 2024, Mercedes's strategic focus is on profitability, quality, and new investments like MB.OS and battery recycling show promise. Valued below €57/share, Mercedes is significantly undervalued with a potential upside to €85/share, making it an attractive "Buy" for long-term investors.
Mercedes-Benz reshuffles management board
German carmaker Mercedes-Benz will reshuffle its management board with four new members, the firm said on Wednesday, with changes due to take effect in 2025.
Mercedes to use Momenta software in 4 models, accelerate China comeback, sources say
Mercedes-Benz is betting on China's Momenta to help it win back market share in the world's biggest auto market, with plans for fresh investment and at least four future models to use the autonomous driving startup's software, three sources with knowledge of the matter said.
Mercedes plans to cut costs by several billion euros per year, reports Handelsblatt
Mercedes-Benz plans to cut costs by several billion euros per year in the coming years, the Handelsblatt newspaper reported on Thursday, citing a spokesperson for the German carmaker.
India says Mercedes improved pollution management at plant after failing checks
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.
Mercedes-Benz to ramp up cost cutting after profit drops by 50%
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 Group AG (MBGAF) Q3 2024 Earnings Call Transcript
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.
