|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||13.01 - 13.26|
|52 Week Range||13.01 - 26.98|
|Beta (5Y Monthly)||1.35|
|PE Ratio (TTM)||5.04|
|Forward Dividend & Yield||1.32 (9.10%)|
|Ex-Dividend Date||May 02, 2022|
|1y Target Est||N/A|
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The auto industry is made up of companies that manufacture and distribute vehicles and vehicle parts. The automobile sector has been undergoing significant change since the advent of electric and hybrid technologies, especially in the retail vehicles segment.
Last week Mercedes laid out its future path, one that pushed the brand even further into the “top end” as they are calling it, focusing on the higher-end models that the automaker is known for - think AMG, Maybach, and the ubiquitous S-class. Part of the top-end, luxury push is with electric vehicles (EVs). And nowhere is that more obvious than its range-topping, all-electric sedan (and actually the brand’s first EV), the EQS.
Daimler Truck Holding AG (OTC: DTRUY) head Karin Radstrom, in an interview with Bloomberg, acknowledged seeing chip crisis recovery signs. Her comments mirrored with Mercedes Benz Group AG (OTC: DMLRY) production chief Joerg Burzer's recent similar assessment. Radstrom added that the factories are busy with backlog orders after months of outages due to chip component shortfalls. The order backlog comes at a time of weakness in the global economy. Radstrom also said there is positive momentum in