Streetbeat News

MBGAF

Mercedes-Benz Group AG

https://www.daimler.com/

CEO

Ola Kaellenius

Industry

Automobile Manufacturing

Open

61.84

Mkt cap

59B

Volume

5.2K

High

62.33

P/E Ratio

5.54

52-wk high

83.50

Low

61.14

Div yield

0.09

52-wk low

53.76

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

Mercedes-Benz plans to cut costs by several billion euros annually in the coming years, as reported by Handelsblatt. This move is part of the company's strategy to improve financial efficiency.

Portfolio Pulse from

November 21, 2024 | 1:00 pm

German recession fears rise as factory orders drop significantly in August, leading to concerns about Europe's largest economy. The decline in orders, especially in capital and intermediate goods, and souring business sentiment contribute to a bleak economic outlook. The DAX index fell following the news, and major German automakers like Volkswagen, Mercedes-Benz, and BMW face challenges amid increased competition and trade tensions.

Portfolio Pulse from European Capital Insights

October 07, 2024 | 3:04 pm

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