Streetbeat News

MBGAF

Mercedes-Benz Group AG

https://www.daimler.com/

CEO

Ola Kaellenius

Industry

Automobile Manufacturing

Open

65.47

Mkt cap

63B

Volume

1.5K

High

65.47

P/E Ratio

5.66

52-wk high

83.50

Low

65.12

Div yield

0.09

52-wk low

53.76

Mercedes has announced that its latest compact sedan will be electric, addressing issues that have deterred consumers from purchasing electric vehicles. This move signifies Mercedes's commitment to expanding its electric vehicle lineup.

Portfolio Pulse from

March 13, 2025 | 6:30 pm

Mercedes-Benz has appointed Jason Hoff as the new North America CEO, effective May 1, to strengthen its focus on the U.S. market.

Portfolio Pulse from

March 11, 2025 | 11:15 pm

Mercedes-Benz has reached an agreement with its works council to implement a cost-cutting program that includes offering buy-outs to staff, as reported by Wirtschaftswoche.

Portfolio Pulse from

March 04, 2025 | 7:30 am

Mercedes-Benz is planning to cut up to 15% of its workforce in China, as reported by Bloomberg News. This move is part of the company's strategy to optimize operations in the region.

Portfolio Pulse from

February 27, 2025 | 5:45 am

Mercedes-Benz Group AG held its Q4 2024 earnings call, discussing their annual results and future strategies. Key executives participated, and analysts from major banks were present.

Portfolio Pulse from

February 21, 2025 | 3:30 am

Mercedes-Benz CEO Ola Källenius indicated the company might increase its investments in the United States following their quarterly earnings report.

Portfolio Pulse from

February 20, 2025 | 11:45 pm

Mercedes-Benz's passenger car division reported a 40.5% drop in annual earnings and anticipates lower earnings in 2025 as it aims to enhance competitiveness and reduce costs.

Portfolio Pulse from

February 20, 2025 | 6:30 am

A dispute arises as a man's $600K estate, intended for his children, is placed in a trust by his stepmother's family, contrary to his will. The situation highlights family tensions and potential legal challenges over estate management.

Portfolio Pulse from

February 10, 2025 | 10:30 am

Mercedes-Benz anticipates a higher-than-expected adjusted margin for its passenger car division in Q4 2024, surpassing the 6%-7% forecast. This was communicated to investors, as reported by analysts from Bernstein Research and Jefferies.

Portfolio Pulse from

January 27, 2025 | 9:45 pm

Mercedes-Benz plans to expand its presence in India's smaller cities by adding 20 new dealerships or service outlets in 2025, targeting young, affluent business owners who are increasingly purchasing luxury goods.

Portfolio Pulse from

January 09, 2025 | 10:00 am

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