Mercedes-Benz Group AG (MBGAF)
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Mercedes-Benz Tried Hard to Be American. It Still Got Hit by Tariffs.
Under President Trump's new auto tariffs, even the company's made-in-USA vehicles aren't American enough to avoid levies.
Young, rich Indians rev up Lamborghini and Mercedes-Maybach sales
Lamborghini and Mercedes-Maybach plan to expand in India as a growing tribe of young, rich Indians splurge on super luxury cars, driving their sales to record levels.
Mercedes-Benz takes stake in robotics maker Apptronik, tests robots in factories
Mercedes-Benz is trialling using humanoid robots made by U.S.-based company Apptronik for tasks such as moving components to the production line or carrying out quality checks, the latest automaker to experiment with robots in manufacturing.
Mercedes's Most Affordable Sedan Will Be Electric
The German luxury carmaker said its latest compact sedan solves problems that have kept people from buying electric vehicles.
Mercedes-Benz names Jason Hoff to newly created position of North America CEO
Mercedes-Benz said on Tuesday it has appointed Jason Hoff to the newly created role of North America CEO, effective May 1 as the German maker looks to strengthen its focus on the U.S., its second-largest market.
Mercedes agrees cost-cutting programme including job cuts, Wirtschaftswoche reports
Mercedes-Benz has won agreement from its works council to offer buy-outs to staff under a programme to cut costs and jobs, German magazine Wirtschaftswoche reported on Tuesday.
Mercedes-Benz plans to cut 15% jobs in China, Bloomberg News reports
Mercedes-Benz and its subsidiaries are planning to cut up to 15% of their workforce in China, Bloomberg News reported on Thursday, citing people familiar with the matter.
Mercedes-Benz Group AG (MBGAF) Q4 2024 Earnings Call Transcript
Mercedes-Benz Group AG (OTCPK:MBGAF) Q4 2024 Earnings Conference Call February 20, 2025 4:15 AM ET Company Participants Christina Schenck - Vice President & Head, Investor Relations & Treasury Willem Spelten - Head of Corporate Communications Ola Kallenius - Chairman and Chief Executive Officer Markus Schafer - Chief Operating Officer Harald Wilhelm - Chief Financial Officer Conference Call Participants Tim Rokossa - Deutsche Bank Patrick Hummel - UBS George Galliers - Goldman Sachs Jose Asumendi - JPMorgan Henning Cosman - Barclays Stephen Reitman - Bernstein Anthony Dick - ODDO BHF Christina Schenck Good morning, ladies and gentlemen, and a warm to our Capital Market Day Mastering Transformation. We will kick today off with our Annual Results Conference for 2024.
Mercedes-Benz CEO signals potential for more US investment
Mercedes-Benz CEO Ola Källenius spoke to reporters after the company's quarterly earnings report and signaled the company is open to investing more in the United States.
Mercedes-Benz earnings down by 40% in car division in 2024
German luxury automaker Mercedes-Benz's passenger car division on Thursday reported a 40.5% drop in annual earnings, and said it expected significantly lower earnings in 2025 for the group as it worked to boost competitiveness and cut costs.
‘It is hard to watch them buy a Mercedes': My father left his $600K estate to my stepmother. Her family put the assets in a trust.
“My stepmother's family refused to follow the terms of the will, which left their joint estate to my sister and me.”
Mercedes-Benz expects higher margin on car division in fourth quarter, analysts say
Mercedes-Benz told investors on Monday it expected the adjusted margin of its passenger car division to be above its 6%-7% forecast for the fourth quarter of 2024, according to analysts at Bernstein Research and Jefferies.
