MBGYY Stock Recent News

Tesla's Autopilot and Full Self-Driving systems are good, but testing group Consumer Reports says they aren't even close to the highest rated.

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.

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'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.

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-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.

IRVINE, Calif.--(BUSINESS WIRE)-- #AlliantConsumerGroup--Odalys Arevalo and Mercedes Cabrera were honored with the Lifetime Achievement Award by the South Florida Hispanic Chamber of Commerce.

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 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.

STUTTGART, Germany--(BUSINESS WIRE)--The Supervisory Board of Mercedes-Benz Group AG has decided on changes to the company's Board of Management. In 2025, Mercedes-Benz will bid farewell to the highly esteemed board members Sabine Kohleisen, Renata Jungo Brüngger, and Hubertus Troska as their contracts expire and they retire. They have significantly shaped the company over many years with their dedication and expertise. With the appointment of the new board members Mathias Geisen, Oliver Thöne,.