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-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

European automakers criticize the EU's decision to impose tariffs on Chinese EVs, arguing it harms competitiveness. Despite this, stocks of Mercedes-Benz and BMW rose. The EU aims to address subsidization issues with China, but member states are divided on the tariffs.

Portfolio Pulse from European Capital Insights

October 04, 2024 | 4:11 pm

Germany is set to oppose EU tariffs on Chinese EVs, influenced by industry leaders and labor unions. This decision could impact international trade, especially for German carmakers with significant sales in China. Tesla's expansion in Germany highlights its growing presence in the European EV market.

Portfolio Pulse from Kaustubh Bagalkote

October 04, 2024 | 3:34 am

Mercedes-Benz, Toyota, and Mazda have issued recalls for vehicles due to software defects that pose risks such as fire, brake failure, and airbag issues. The recalls involve significant numbers of vehicles and will begin with notifications in late 2024.

Portfolio Pulse from Benzinga Neuro

September 27, 2024 | 12:13 pm

Volkswagen and other European automakers like BMW, Mercedes-Benz, Stellantis, and Renault are facing significant challenges, including underutilized factories and competition from Chinese EV makers like BYD. Volkswagen is considering plant closures, and Stellantis is halting production of its electric Fiat 500e due to declining demand. The European auto industry is struggling to compete with Chinese automakers, who are planning to establish factories in Europe to avoid tariffs.

Portfolio Pulse from Upwallstreet

September 20, 2024 | 2:06 pm

The Federal Reserve's recent rate cut has sparked concerns of stagflation, with several companies facing challenges. Skechers, Mercedes-Benz, FedEx, Lennar, and Warner Music have reported issues, impacting their stock prices. The SPDR S&P 500 ETF Trust also saw a slight decline.

Portfolio Pulse from Shanthi Rexaline

September 20, 2024 | 11:57 am

Major automakers like Volkswagen, BMW, and Ford are exploring the use of hemp in vehicle manufacturing to enhance sustainability and reduce carbon emissions. This initiative aligns with the growing demand for eco-friendly products.

Portfolio Pulse from El Planteo

September 05, 2024 | 3:21 pm

Volkswagen is partnering with Revoltech GmbH to develop sustainable materials from industrial hemp for use in its vehicles by 2028. This initiative aligns with Volkswagen's ACCELERATE strategy for sustainability. The LOVR material, made from hemp, is 100% biological and can be recycled or composted. Other automakers like BMW, Ford, and Mercedes-Benz are also exploring hemp-based materials.

Portfolio Pulse from Nina Zdinjak

September 03, 2024 | 2:33 pm

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