Mercedes-Benz Group AG (MBGAF)

OTCMKTS · Delayed Price · Currency is USD
54.36
-0.67 (-1.22%)
Nov 21, 2024, 4:00 PM EST
-15.86%
Market Cap 51.83B
Revenue (ttm) 165.01B
Net Income (ttm) 12.09B
Shares Out n/a
EPS (ttm) 11.83
PE Ratio n/a
Forward PE n/a
Dividend n/a
Ex-Dividend Date n/a
Volume 8,802
Open 54.41
Previous Close 55.03
Day's Range 54.15 - 54.50
52-Week Range 53.78 - 83.50
Beta 1.15
Analysts n/a
Price Target n/a
Earnings Date Oct 25, 2024

About Mercedes-Benz Group AG

Mercedes-Benz Group AG operates as an automotive company in Germany and internationally. It operates through Mercedes-Benz Cars, Mercedes-Benz Vans, and Mercedes-Benz Mobility segments. The company develops, manufactures, and sells cars and vans under the Mercedes-Benz, Mercedes-AMG, Mercedes-Maybach, G-Class brands, as well as related spare parts and accessories. It also provides financing, leasing, car subscription and rental, fleet management, insurance brokerage, and mobility services, as well as digital services for charging and payment. T... [Read more]

Founded 1886
Employees 166,056
Stock Exchange OTCMKTS
Ticker Symbol MBGAF
Full Company Profile

Financial Performance

In 2023, Mercedes-Benz Group AG's revenue was 153.22 billion, an increase of 2.13% compared to the previous year's 150.02 billion. Earnings were 14.26 billion, a decrease of -1.66%.

Financial numbers in EUR Financial Statements

News

Mercedes plans to cut costs by several billion euros per year, reports Handelsblatt

Mercedes-Benz plans to cut costs by several billion euros per year in the coming years, the Handelsblatt newspaper reported on Thursday, citing a spokesperson for the German carmaker.

15 hours ago - Reuters

As American Stocks Reign Supreme, Buy This One

The United States has dominated the global market for years now. Since COVID, US markets against the world has looked like last weekend's Detroit Lions versus Jacksonville Jaguars game.

1 day ago - Benzinga

Tesla Faces New Challenges As Automakers Push Ionna Joint Venture, NEVI Funds Get Cut

Tesla Inc ‘s (NASDAQ: TSLA) dominance in electric vehicle (EV) charging is in question . While automakers like General Motors Co (NYSE: GM) and Mercedes-Benz Group AG (OTCPK: MBGAF) have adopted Tes...

3 days ago - Benzinga

BriefCASE: Revving up - Qualcomms automotive business hits high gears

While there's been a run of bad news from leading tier-1 suppliers such as Schaeffler and Bosch about sluggish demand from the automotive sector, system-on-chip (SoC) companies such as Qualcomm and Nv...

8 days ago - S&P Global Platts

Mercedes-AMG C63 SE Performance launched with most powerful 4-cylinder engine

Mercedes-Benz has launched the AMG C63 SE Performance in India, priced at Rs 1.95 crore. The high-performance sedan boasts a 680 hp hybrid powertrain, enabling a 0-100 kmph sprint in 3.3 seconds. Book...

9 days ago - The Times of India

Mercedes-Benz to launch AMG C63 S E Performance in India tomorrow

Mercedes-Benz is set to thrill Indian automotive enthusiasts with the launch of the all-new AMG C63 S E Performance. Known for redefining power and innovation, this model stands out as the world’s mos...

10 days ago - Business Upturn

Auto cos bet on 'premium' showrooms

Driven by India's increasing appetite for luxury, automakers are launching exclusive retail formats. From Maruti and Tata to Mercedes-Benz and Hero MotoCorp, brands are curating premium experiences. T...

13 days ago - The Times of India

Giuliani Ordered to Hand Mercedes to Poll Workers Next Week

Rudolph Giuliani must relinquish his Mercedes-Benz to two 2020 presidential election workers next week, a federal judge said Thursday.

14 days ago - BNN Bloomberg

India says Mercedes improved pollution management at plant after failing checks

An Indian state said in October that Mercedes-Benz improved wastewater and air pollution management at its only car factory in the country after officials detected environment law lapses in recent ins...

14 days ago - Reuters

Foreign automaker stocks slide on Trump tariff fears

Stock prices of foreign automakers fell sharply Wednesday amid concerns the U.S. will hike tariffs on imported vehicles under President-elect Donald Trump. Trump has regularly said he will increase ta...

15 days ago - CNBC

Mercedes-Benz’s electric future starts with this CLA prototype

The all-electric CLA. | Image: Mercedes-Benz Mercedes-Benz is showing off its all-electric CLA prototype and sharing a few new details planned for the upcoming 2025 production version. The CEO of Merc...

15 days ago - The Verge

What does Trump’s election mean for EVs, Tesla, and Elon Musk?

Image: Cath Virginia / The Verge; Getty Images On the campaign trail, Donald Trump said a lot of things about electric vehicles . He said he would “end the electric vehicle mandate on day one,” that E...

15 days ago - The Verge

Armenia-Based Matena Joins Europe’s Most Prestigious Network for Management Development

The Armenia-based Matena Leadership School has become a member of the European Foundation for Management Development (EFMD), Europe’s most prestigious organization in the field of management. EFMD, wh...

16 days ago - Aravot

Poster dreams to reality: Why India's supercar sales are soaring?

India's supercar market is experiencing unprecedented growth, with sales projected to reach 1,200-1,300 units in 2024. This surge is driven by a booming economy, rising disposable incomes, and a growi...

17 days ago - The Times of India

Mercedes-Benz USA Launches 2024 "Holidays with Love" Campaign to Celebrate the Joy of Togetherness

ATLANTA--(BUSINESS WIRE)--Mercedes-Benz USA (MBUSA) is proud to announce the launch of its 2024 "Holidays with Love" campaign, inviting customers to embrace every moment of their journeys with loved o...

20 days ago - Business Wire

Volkswagen stumbles in China as Germany's auto giants struggle to compete in the EV race

Volkswagen is mulling the closure of factories in Germany for the first time to cut costs, while rivals BMW and Mercedes-Benz face their own problems.

22 days ago - Business Insider

Mercedes-Benz to ramp up cost cutting after profit drops by 50%

The German automaker cut its full-year profit margin twice during the third quarter, down to 4.7% from 12.4% a year before, as European car companies see their sales falter amid a weak Chinese economy...

27 days ago - New York Post

Porsche, Mercedes Pledge Cost Cuts After China Slump Hits Profit

Porsche AG and Mercedes-Benz Group AG are planning cost reductions after fierce competition and weaker demand for their luxury cars in China hit profits.

27 days ago - Financial Post

Mercedes-Benz Earnings Slump on Tough Economic Backdrop, Fierce Competition

The luxury-car maker's net profit halved in the third quarter and it said profitability in its main cars business was weaker due to softer pricing and lower sales of its higher-margin models.

27 days ago - WSJ

Mercedes-Benz electric car sales plunge by a third as Chinese competition and stuttering demand hit home

The German carmaker said it had seen a 31% drop in sales of battery-powered cars from a year earlier as it reported its Q3 earnings on Friday.

27 days ago - Business Insider

Mercedes-Benz (MBG) Faces Profits Setback Amid Slowing Asian Demand

Mercedes-Benz (MBG) Faces Profits Setback Amid Slowing Asian Demand

27 days ago - GuruFocus

Mercedes car earnings plunge by 64% as China shuns luxury

WARSAW - German premium automaker Mercedes-Benz on Friday said third-quarter earnings in the core car division plunged by 64%, massively missing analysts' estimates, as Chinese consumers continued to ...

27 days ago - Bangkok Post