Mercedes-Benz Group AG (MBGYY)

OTCMKTS: MBGYY · Delayed Price · USD
19.31
0.00 (0.00%)
Feb 26, 2024, 3:59 PM EST - Market closed
Market Cap 82.63B
Revenue (ttm) 153.96B
Net Income (ttm) 14.89B
Shares Out 4.28B
EPS (ttm) 3.84
PE Ratio 5.03
Forward PE 6.08
Dividend $1.42 (7.35%)
Ex-Dividend Date May 4, 2023
Volume 270,858
Open 19.31
Previous Close 19.31
Day's Range 19.25 - 19.35
52-Week Range 14.53 - 20.77
Beta 1.26
Analysts n/a
Price Target n/a
Earnings Date n/a

About MBGYY

Mercedes-Benz Group AG operates as an automotive company in Germany and internationally. The company develops, manufactures, and sells premium and luxury cars and vans under the Mercedes-AMG, Mercedes-Benz, Mercedes-Maybach, and Mercedes-EQ 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. The company was formerly known as Daimler AG and changed its name to Me... [Read more]

Founded 1926
Employees 167,397
Stock Exchange OTCMKTS
Ticker Symbol MBGYY
Full Company Profile

Financial Performance

In 2023, MBGYY's revenue was $153.96 billion, an increase of 2.63% compared to the previous year's $150.02 billion. Earnings were $15.13 billion, an increase of 4.30%.

Financial Statements

News

Mercedes-Benz is working through supply chain challenges, CEO says

Mercedes-Benz CEO Ola Källenius discusses the German carmaker's full-year 2023 earnings report and explains how the company is navigating "exceptional levels of uncertainty."

4 days ago - CNBC International TV

Mercedes-Benz vs. Rivian: The Revenge of Legacy Auto

The latest results from carmakers showcase the advantages of having an old-fashioned combustion-engine business to fund—and hedge—the transition to electric vehicles.

Other symbols: RIVN
4 days ago - WSJ

Mercedes-Benz shares climb 5% on share buyback, despite 'exceptional' uncertainty ahead

Mercedes-Benz shares climbed on Thursday morning after the German carmaker beat fourth-quarter earnings expectations and announced a new share buyback program.

5 days ago - CNBC

Tesla and Mercedes-Benz earned almost exactly the same last year. Their stock-market valuations are slightly different.

The German automaker said it earned €14.26 billion ($15.47 billion) in 2023, a decline of 1.7% from last year. Tesla, meanwhile, earned $15 billion, a 19% improvement.

Other symbols: TSLA
5 days ago - Market Watch

Mercedes-Benz CEO: we can produce combustion engine cars "well into" next decade

Mercedes-Benz will be able to sell combustion engine cars well into the next decade, its chief executive said on Thursday, adding there would be "peaks and troughs" in the transition to electric cars.

5 days ago - Reuters

Mercedes CEO on Electric Vehicles: The Competitive Intensity Is High

Mercedes CEO Ola Källenius comments on shareholder returns and the outlook for the auto industry and electric vehicle sales. He spoke as the luxury car manufacturer forecast lower returns this year, c...

5 days ago - Bloomberg Markets and Finance

Mercedes-Benz Warns on Outlook as Market Uncertainty Weighs

Mercedes-Benz warned that 2024 underlying earnings would be slightly below last year's levels on stable revenue expectations, adding the auto market faced an uncertain economic backdrop and possible “...

5 days ago - WSJ

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

STUTTGART, Germany--(BUSINESS WIRE)--Mercedes-Benz Group AG (ticker symbol: MBG) achieved solid 2023 financial results. A sharpened focus on desirable cars and vans combined with ongoing cost discipli...

5 days ago - Business Wire

Mercedes-Benz hits cars returns forecast as inflation, supply chain costs bite

Mercedes-Benz on Thursday reported an adjusted return on sales in its car division of 12.6% for 2023, in line with its forecast, as inflation and supply chain-related costs ate into its profits.

5 days ago - Reuters

Mercedes-Benz USA Collaborates with Children's Healthcare of Atlanta for “Week of Caring”

ATLANTA--(BUSINESS WIRE)--Yesterday, Mercedes-Benz USA (MBUSA) concluded their “Week of Caring” with Children's Healthcare of Atlanta (Children's) to bring comfort and joy to patients and their famili...

10 days ago - Business Wire

Mercedes-Benz sells stake in Russian truckmaker Kamaz

Mercedes-Benz Group on Thursday said it had sold its stake in Russian truckmaker Kamaz in a transaction that was completed this month after securing all necessary regulatory approvals.

12 days ago - Reuters

Mercedes-Benz moves into truck rental market in Brazil

Daimler Truck said on Tuesday it will launch its first truck rental business in Brazil, where the vehicle leasing market is expanding.

20 days ago - Reuters

China regulator approves joint venture set up by Mercedes-Benz and BMW Brilliance

China's market regulator approved a joint venture set up by Mercedes-Benz (China) Investment Limited and BMW Brilliance Automotive Ltd, the State Administration for Market Regulation said in a stateme...

Other symbols: BMWYY
22 days ago - Reuters

Lewis' decision to leave Mercedes for Ferrari didn't come out of nowhere, says Mercedes' Wolff

Toto Wolff, Mercedes-AMG Petrona F1 Team Principal and CEO, joins 'Squawk on the Street' to discuss Lewis Hamilton's upcoming departure from Mercedes, what it'll mean for the current season, and how t...

24 days ago - CNBC Television

Mercedes-Benz reports 2023 free cash flow above expectations in industrial business

Mercedes-Benz reported a preliminary free cash flow for its industrial business of 11.3 billion euros ($12.28 billion) on Thursday, above market expectations, which it attributed to lower working capi...

25 days ago - Reuters

How a mistakenly published password exposed Mercedes-Benz source code

Mercedes-Benz accidentally exposed a trove of internal data after leaving a security key online that gave “unrestricted access” to the company's source code, according to the security research firm th...

4 weeks ago - TechCrunch

Mercedes open to sale of group-owned dealerships in Germany

Mercedes-Benz is open to selling the dealerships and workshops it owns in Germany, the carmaker said on Friday.

5 weeks ago - Reuters

Mercedes-Benz USA Reports Q4 2023 Total Sales of 90,014 Vehicles

ATLANTA--(BUSINESS WIRE)--Mercedes-Benz USA (MBUSA) today reported Q4 2023 sales of 72,313 Mercedes-Benz Passenger Cars. Additionally, Mercedes-Benz Vans reported Q4 2023 sales of 17,701 units, bringi...

6 weeks ago - Business Wire

Mercedes-Benz full-year sales hit forecast, Q4 dampened by supply constraints

Mercedes-Benz Cars' 2023 sales reached the same level of last year, in line with its forecast, the carmaker said on Thursday, but fourth-quarter sales dipped below last year's levels as a supply const...

6 weeks ago - Reuters

UAW announces union campaign at Mercedes-Benz plant in Alabama

The US autoworkers' union plans to bring more employees under its protection after record deals with automakers last year

6 weeks ago - The Guardian

Mercedes launches 'dialogue partner' voice assistant

Mercedes-Benz launched a new virtual assistant at the CES electronics trade fair on Monday capable of providing context-based suggestions and engaging in dialogue with users, signalling another step f...

7 weeks ago - Reuters

Mercedes Benz to carry out level 3 autonomous driving tests on designated highways in Beijing

Mercedes Benz said on Monday it would carry out level 3 autonomous driving tests on designated highways in Beijing, without giving an exact time frame.

2 months ago - Reuters

Mercedes-Benz and BMW to establish JV for high-power charging network in China

German automaker Mercedes-Benz said on Thursday it had reached an agreement with BMW to establish a joint venture for operating a high-power charging network in China.

Other symbols: BMWYY
3 months ago - Reuters

Mercedes-Benz launches first EV charging hub in North America; Network aims to deliver a fast, reliable, premium charging experience for drivers of all EV brands.

ATLANTA--(BUSINESS WIRE)--Mercedes-Benz launches fastest EV charging network in North America, open to all EV brands with reservations available for Mercedes-Benz drivers.

3 months ago - Business Wire

Mercedes-Benz USA CEO on first dedicated EV charging hub: We are convinced the future is electric

CNBC's Phil LeBeau and Mercedes-Benz USA CEO Dimitris Psillakis joins 'Squawk Box' to discuss the company's first dedicated EV charging hub in North America, the future of electric vehicles, concerns ...

3 months ago - CNBC Television