MBGYY Stock Recent News

CNBC's Phil LeBeau with Mercedes-Benz CEO Dimitris Psillakis, join 'Closing Bell' to discuss the impact of auto tariffs, unveiling of the new CLA and pricing.

ATLANTA--(BUSINESS WIRE)--Mercedes-Benz is announcing a leadership transition in its North American operations. Effective July 1, Adam Chamberlain will become CEO of Mercedes-Benz USA (MBUSA) as well as Head of Marketing and Sales, Mercedes-Benz Cars North America. He will succeed Dimitris Psillakis, who will transition into the role of Senior Strategic Adviser. “We're excited to welcome Adam back to Mercedes-Benz. Adam is a proven executive with over 30 years of global automotive experience in.

Needham analyst Quinn Bolton initiated coverage on Valens Semiconductor VLN with a Buy rating and a price target of $4 Friday. The stock gained after the report.

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Mercedes-Benz will end production of its Citan and T-class models, the Automobilwoche news outlet reported on Friday citing a document informing dealers about the decision.

German carmaker Mercedes-Benz said on Monday its first-quarter unit sales of cars and vans fell 7%, hit by declining demand in China and Europe.

ATLANTA--(BUSINESS WIRE)--Mercedes-Benz USA (MBUSA) today reported Q1 2025 group* sales of 67,400 Passenger Cars. Additionally, Mercedes-Benz Vans reported Q1 2025 group sales of 7,700 units, bringing MBUSA to a total of 75,100 vehicles for the first quarter of the year. “I am proud to see our teams and valued dealer partners continue to work together with an unwavering focus on the core of our business - our valued customers. We closed Q1 in a very strong position for wholesale group sales and.

Auto giants have responded to U.S. President Donald Trump's tariffs by announcing plans to raise prices, impose import fees, pause production and even layoff staff. As part of plans designed to shift production to U.S. factories and bolster American jobs, the Trump administration introduced 25% tariffs on foreign auto imports on Thursday.

U.S. President Donald Trump's 25% tariff on auto imports may cost American consumers more than $30 billion in higher vehicle prices and reduced car sales in the first full year, consultancy firm Anderson Economic Group said in a report on Thursday.

President Trump confirmed his administration will impose 25% tariffs on auto imports starting Thursday at midnight.