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Mercedes-Benz Group AG (MBGAF)

79.40

-0.03

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Tomorrow drives Mercedes-Benz: Full commitment to sustainable business strategy goes far beyond products

STUTTGART, Germany, March 20, 2024--At its third annual ESG Conference, Mercedes-Benz demonstrates commitment to achieving ambitious and measurable goals. Driven by tomorrow and a clear focus on the entire value chain, Mercedes‑Benz firmly embeds sustainability considerations in the daily business. One aspect is the continued global expansion of the electric passenger car portfolio, targeting an up to 50 percent share of xEVs in the new vehicle fleet in the second half of the decade. And by the

Business Wire last month
Mercedes-Benz Group 2023 Results*: Cash Generation at Work

STUTTGART, Germany, February 22, 2024--Mercedes-Benz Group AG (ticker symbol: MBG) achieved solid 2023 financial results. A sharpened focus on desirable cars and vans combined with ongoing cost discipline resulted in Group Earnings Before Interest and Taxes (EBIT) of €19.7 billion (2022: €20.5 billion), and revenues of €153.2 billion (2022: €150.0 billion). For 2023, Mercedes-Benz Cars delivered an adjusted Return on Sales (RoS) of 12.6%, Mercedes-Benz Vans an adjusted RoS of 15.1%, and Mercedes

Business Wire 2 months ago
"The hyper-personalized user experience" – Mercedes-Benz Showcases Class-Defining Digital Tech at CES 2024

STUTTGART, Germany & LAS VEGAS, January 09, 2024--At CES 2024, Mercedes-Benz is pushing forward with an exciting range of digital advancements set to transform the customer experience – both in-car and beyond. Central to this is a new MBUX Virtual Assistant that uses generative AI and advanced 3D graphics making interactions between the customer and vehicle more natural, intuitive and personalized. Running on the new Mercedes-Benz Operating System (MB.OS) developed in-house, the MBUX Virtual Ass

Business Wire 3 months ago
Mercedes-Benz Direct Chat: an internal ChatGPT application for employees

STUTTGART, Germany, October 30, 2023--Mercedes-Benz is rolling out an internal web application for its employees – the Mercedes‑Benz Direct Chat. It uses OpenAI´s ChatGPT technology through Microsoft Azure OpenAI Service. It's a text generator that uses machine learning and natural-language processing to deliver precise and contextual answers in just a few seconds. The intuitive and user-friendly Mercedes‑Benz Direct Chat can, for example, help with the creation of e-mails, reports and other wor

Business Wire 5 months ago
Mercedes-Benz Group Solid Q3 Results Underscore Resilience in a Subdued Market Environment

STUTTGART, Germany, October 26, 2023--Mercedes-Benz Group AG (ticker symbol: MBG) achieved solid third-quarter results in a subdued market environment marked by intense price competition, particularly in the electric vehicle segment. Earnings Before Interest and Taxes (EBIT) reached €4.8 billion (Q3 2022: €5.2 billion) as improved net pricing at Mercedes-Benz Cars and a rise in sales of premium vans helped to partially offset higher inflation, currency effects and supply-chain related costs. Rev

Business Wire 5 months ago
Mercedes-Benz AG and Steel Dynamics Inc. secure sustainable steel supply deal for Tuscaloosa plant

STUTTGART, Germany, September 18, 2023--Mercedes-Benz signs an agreement with Steel Dynamics, Inc. (SDI) to source more than 50,000 tonnes of CO2-reduced steel annually for its plant in Tuscaloosa, Alabama, marking another crucial milestone towards decarbonizing its global steel supply chain. SDI steel will be made using an electric arc furnace (EAF) and will use electricity from 100% renewable sources. With EAFs powered by green electricity, emissions can be reduced more than half to 1.0-tonne

Business Wire 7 months ago
Mercedes-Benz Group AG Supervisory Board reappoints Ola Källenius and Markus Schäfer and sharpens areas of responsibility of Board of Management

STUTTGART, Germany, July 27, 2023--The Supervisory Board reappointed Ola Källenius (54) as Chairman of the Board of Management of Mercedes-Benz Group AG until May 21, 2029, at its meeting today. It also extended the contract of Markus Schäfer (58) until May 21, 2026. As Chief Technology Officer, Markus Schäfer is the Board of Management member responsible for Development & Procurement.

Business Wire 8 months ago
Mercedes-Benz Q2 Performance Underpinned by Strong Sales of Top-End Cars and Premium Vans

STUTTGART, Germany, July 27, 2023--Mercedes-Benz Group’s (ticker symbol: MBG) sharpened focus on sustainable growth through sales of desirable cars and premium vans, combined with tight cost control, lifted second-quarter Earnings Before Interest and Taxes (EBIT) by 8% to €5.0 billion (Q2 2022: €4.6 billion) and revenue by 5% to €38.2 billion (Q2 2022: €36.4 billion).

Business Wire 8 months ago
Mercedes-Benz Group AG Raises Full-Year Guidance Based on Solid Financial Results in the Second Quarter

STUTTGART, Germany, July 26, 2023--Due to the solid financial performance in the second quarter of 2023, Mercedes-Benz Group today updated its full-year outlook:

Business Wire 8 months ago
Mercedes-Benz Trains More Than 600 Data and AI Specialists Worldwide in 2023

STUTTGART, Germany, July 25, 2023--With digitalization and the increasing use of powerful artificial intelligence (AI) systems, every job profile at Mercedes-Benz is changing. As part of the Turn2Learn qualification initiative, Mercedes-Benz is investing more than €2 billion in the qualification of its global workforce until 2030. The Turn2Learn initiative focuses specifically on digitalization and AI. For example, in the two pilot programs D.SHIFT and Data Worker, more than 600 employees from p

Business Wire 8 months ago
Conditionally Automated Driving: Mercedes-Benz DRIVE PILOT Further Expands U.S. Availability to the Country’s Most Populous State Through California Certification

ATLANTA, June 08, 2023--Mercedes‑Benz today announced that its class-leading DRIVE PILOT system for SAE Level 31 conditionally automated driving received certification from California state authorities. With this significant milestone Mercedes-Benz is the first car manufacturer with authorization to introduce such a SAE Level 3 system in a standard-production vehicle for use on public freeways in the most populous state in the United States. DRIVE PILOT will be available in the U.S. market as an

Business Wire 10 months ago
Mercedes-Benz AG and H2 Green Steel secure supply deal and an MoU to establish North American supply chain

STUTTGART, Germany, June 07, 2023--Mercedes-Benz signed a supply agreement with Swedish start-up H2 Green Steel (H2GS) over approximately 50,000 tonnes almost CO₂-free steel per year for its European press shops and deepened its partnership through a Memorandum of Understanding (MoU) with the aim to establish a sustainable steel supply chain in North America.

Business Wire 10 months ago
Strategy Update: Mercedes-Benz Vans to Further Strengthen Its Position as Leading Manufacturer of Premium Light Commercial Vehicles

STUTTGART, Germany, May 16, 2023--Mercedes-Benz Vans has outlined its focused strategy to target profitable growth in the private and commercial van segments. Key goals of the strategy include: further strengthening the brand’s position in the upper market segments, raising ambition levels for cost and industrial competitiveness, and leading the industry in electric drive technology and digital experience. As a very successful and fully integrated business unit within Mercedes-Benz AG, Mercedes-

Business Wire 11 months ago
Voting Results of the Annual General Meeting of Mercedes-Benz Group AG on May 3, 2023

STUTTGART, Germany, May 03, 2023--The shareholders of Mercedes-Benz Group AG (ticker symbol: MBG) approved all of the items on the agenda of the Annual General Meeting.

Business Wire 11 months ago
Mercedes-Benz Group Annual Meeting: Transformation on track

STUTTGART, Germany, May 03, 2023--At the Mercedes-Benz Group AG (ticker symbol: MBG) Annual Meeting for the financial year 2022 the company outlines its strategic progress while delivering strong financial results and shareholder returns.

Business Wire 11 months ago
Mercedes-Benz Q1 Results Driven by Top-End Cars and Premium Vans

STUTTGART, Germany, April 28, 2023--Mercedes-Benz Group AG (ticker symbol: MBG) achieved healthy first quarter financial results thanks to a rise in sales of Top-End vehicles and premium vans. Improved pricing outweighed headwinds from material costs. Together with higher sales, as well as a favorable product mix, it resulted in Earnings Before Interest and Taxes (EBIT) of €5.5 billion (Q1 2022: €5.2 billion). First-quarter revenue increased 8% to €37.5 billion (Q1 2022: €34.9 billion) and adjus

Business Wire 11 months ago

Performance Overview

Return	MBGAF	DAX PERFORMANCE-INDEX
YTD	+14.91%	+7.98%
1-Year	+12.51%	+13.90%
3-Year	+4.35%	+18.38%

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Mercedes-Benz Group AG (MBGAF)

Tomorrow drives Mercedes-Benz: Full commitment to sustainable business strategy goes far beyond products

Mercedes-Benz Group 2023 Results*: Cash Generation at Work

"The hyper-personalized user experience" – Mercedes-Benz Showcases Class-Defining Digital Tech at CES 2024

Mercedes-Benz Direct Chat: an internal ChatGPT application for employees

Mercedes-Benz Group Solid Q3 Results Underscore Resilience in a Subdued Market Environment

Mercedes-Benz AG and Steel Dynamics Inc. secure sustainable steel supply deal for Tuscaloosa plant

Mercedes-Benz Group AG Supervisory Board reappoints Ola Källenius and Markus Schäfer and sharpens areas of responsibility of Board of Management

Mercedes-Benz Q2 Performance Underpinned by Strong Sales of Top-End Cars and Premium Vans

Mercedes-Benz Group AG Raises Full-Year Guidance Based on Solid Financial Results in the Second Quarter

Mercedes-Benz Trains More Than 600 Data and AI Specialists Worldwide in 2023

Conditionally Automated Driving: Mercedes-Benz DRIVE PILOT Further Expands U.S. Availability to the Country’s Most Populous State Through California Certification

Mercedes-Benz AG and H2 Green Steel secure supply deal and an MoU to establish North American supply chain

Strategy Update: Mercedes-Benz Vans to Further Strengthen Its Position as Leading Manufacturer of Premium Light Commercial Vehicles

Voting Results of the Annual General Meeting of Mercedes-Benz Group AG on May 3, 2023

Mercedes-Benz Group Annual Meeting: Transformation on track

Mercedes-Benz Q1 Results Driven by Top-End Cars and Premium Vans

Performance Overview