OTC Markets OTCPK - Delayed Quote ? USD Mercedes-Benz Group AG (MBGYY) Follow Compare 15.31 -0.15 (-0.97%) As of 12:53 PM EDT. Market Open. All News Press Releases SEC Filings All SEC Filings Corporate Changes & Voting Matters Periodic Financial Reports Proxy Statements Tender Offer/Acquisition Reports Offering Registrations Mercedes-Benz Group Third Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag Mercedes-Benz Group ( ETR:MBG ) Third Quarter 2024 Results Key Financial Results Revenue: €34.5b (down 6.7% from 3Q... Simply Wall St. ? 2 days ago MBGAF -1.10% MBGYY -0.97% Mercedes-Benz to cut costs due to waning China demand Mercedes-Benz (MBG.DE) announces plans to implement additional cost-cutting measures to enhance profitability. The decision comes amid declining demand for European automakers in China, which has impacted the luxury car manufacturer's earnings outlook. Catalysts co-hosts Seana Smith and Madison Mills dive into the details. To watch more expert insights and analysis on the latest market action, check out more Catalysts here. This post was written by Angel Smith Yahoo Finance Video ? 4 days ago MBGAF -1.10% MBGYY -0.97% 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. The Wall Street Journal ? 4 days ago MBGAF -1.10% MBGYY -0.97% Trending tickers: Tesla, Lloyds, Capri, Deckers and Mercedes-Benz The latest investor updates on stocks that are trending on Friday. Yahoo Finance UK ? 4 days ago GBPUSD=X USD=X GBP=X Mercedes-Benz Q3 Profitability Impacted by Market Dynamics While Preserving Solid Cash Generation STUTTGART, Germany, October 25, 2024--Mercedes-Benz Group AG generated solid sales in the third quarter despite product transitions, a challenging market environment and fierce competition, particularly in China. Continued Free Cash Flow generation from the industrial business reached €2.39 billion for Q3 (Q3 2023: €2.35 billion) supported by favourable working capital development. Net liquidity reached €28.73 billion (Q3 2023: €28.49 billion). Business Wire ? 4 days ago MBGAF -1.10% MBGYY -0.97% 3 Top German Dividend Stocks Yielding Up To 9.2% As the European Central Bank's recent rate cuts fuel expectations for further monetary easing, Germany's DAX index has shown positive momentum, reflecting investor optimism in the region. In this climate of potential economic support and lower inflation, dividend stocks become particularly attractive for their ability to provide steady income streams. Simply Wall St. ? 6 days ago TGHN.DE MPCK.DE MBGAF -1.10% Qualcomm announces partnerships with Li Auto, Mercedes-Benz Qualcomm (QCOM) has announced significant new chip partnerships with Li Auto (LI) and Mercedes-Benz (MBG.DE, MBGAF) at its Snapdragon Summit event. The semiconductor giant will provide its advanced Snapdragon automotive chips to both automakers, who plan to integrate them into their future vehicle lineups. Nakul Duggal, Qualcomm's Group general manager of automotive, industrial and cloud divisions, joins Asking for a Trend alongside Yahoo Finance Autos Reporter Pras Subramanian to discuss the strategic implications of these partnerships. "What's happening in the car business today is to be able to build software-defying vehicles that have the ability to support AI for the future," Duggal states. While acknowledging gauging what these applications will need to run successfully is difficult, "this platform that we have created allows us to be able to essentially prepare for the rest of the decade." Duggal explains that as the automotive industry continues to evolve, Qualcomm has strategically focused on building partnerships to ensure the delivery of "best-in-class technologies" across industries while developing platforms capable of continuous evolution. "It really comes down to how does the car as a platform become an extension of your digital life. Especially as the car is probably one of the more complex platforms. You have to be attentive. You are not supposed to be looking at your phone. You need to be able to communicate with the vehicle through your voice, through your gestures. All of this requires a tremendous amount of technology," he explains, adding, "That's what this partnership is about." To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here. This post was written by Angel Smith Yahoo Finance Video ? 6 days ago MBGAF -1.10% MBGYY -0.97% QCOM Mercedes-Benz opens own recycling factory to close the battery loop KUPPENHEIM, Germany, October 21, 2024--Mercedes-Benz today opened Europe's first battery recycling plant with an integrated mechanical-hydrometallurgical process making it the first car manufacturer worldwide1 to close the battery recycling loop with its own in-house facility. The recycling plant in Kuppenheim, southern Germany, creates a genuine circular economy. This underpins the pioneering spirit and innovative strength of Mercedes-Benz as it strives to significantly reduce the consumption o Business Wire ? 8 days ago MBGAF -1.10% MBGYY -0.97% Stocks to watch: Tesla, Lloyds, L'Oréal, Coca-Cola and Unilever Earnings preview of key companies reporting next week and what to look out for. Yahoo Finance UK ? 11 days ago HON CAJFF CAJPY BMW, Mercedes sales slow in China on sluggish Q3 demand Sluggish demand and intensifying competition in China have continued to put pressure on the automotive sector, with German luxury automakers BMW (BMW.DE) and Mercedes-Benz (MBG.DE) reporting declining sales in the region during the third quarter. Yahoo Finance autos reporter Pras Subramanian analyzes this trend and its implications for the broader luxury automotive industry. To watch more expert insights and analysis on the latest market action, check out more Catalysts here. This post was written by Angel Smith Yahoo Finance Video ? 19 days ago MBGAF -1.10% MBGYY -0.97% BAMXF Top German Dividend Stocks To Consider In October 2024 As geopolitical tensions in the Middle East escalate, European markets, including Germany's DAX, have experienced declines amid investor caution and rising oil prices. With the prospect of an interest rate cut by the European Central Bank due to slowing growth and inflation, investors are increasingly looking at dividend stocks as a potential source of steady income in uncertain times. In this environment, identifying strong German dividend stocks involves considering companies with robust... Simply Wall St. ? 21 days ago TGHN.DE MPCK.DE MBGAF -1.10% EU votes to impose tariffs on Chinese EVs European automaker stocks rallied Friday following the European Union's decision to impose new tariffs on electric vehicles (EVs) manufactured in China. The measures, which could remain in effect for up to five years and reach up to 45%, come after an EU investigation concluded that China unfairly subsidized its automotive industry. Morning Brief co-hosts Seana Smith and Brad Smith break down the details. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Angel Smith Yahoo Finance Video ? 25 days ago BAMXF BMWKY BYMOF Barclays downgrades Porsche, Mercedes-Benz, Stellantis Shares of Porsche (PAH3.DE), Mercedes-Benz (MBG.DE), and Stellantis (STLA) are under pressure after being downgraded by Barclays. Mercedes and Stellantis were both downgraded to Equal Weight while Porsche was downgraded to Underweight. The firm cited margin pressures and rising competition behind the calls. Morning Brief Hosts Seana Smith and Brad Smith dig into the details of these bearish calls. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Melanie Riehl Yahoo Finance Video ? 26 days ago POAHF POAHY STLA Mercedes-Benz and Hydro Join Forces in the Brazilian Amazon to Foster Long-Term Development Along Their Aluminum Supply Chain NEW YORK, September 24, 2024--At the New York Climate Week, Mercedes-Benz and Hydro elevate their strategic partnership by enhancing the vertical integration of their aluminum supply chain and launching the long-term Corridor Program for a sustained development in the Amazon. Following their joint decarbonization roadmap Mercedes-Benz and Hydro signed a Memorandum of Understanding (MoU) to collaborate with local NGOs and partners in the state of Pará, Brazil. Their goals include promoting human Business Wire ? last month MBGAF -1.10% MBGYY -0.97% Top 3 German Dividend Stocks To Watch In September 2024 As the German DAX index shows modest gains amid cautious investor sentiment following the U.S. Federal Reserve's recent rate cut, dividend stocks in Germany are drawing attention for their potential stability and income generation. In this environment, a good dividend stock is typically characterized by consistent payouts, strong financial health, and resilience to economic fluctuations. Simply Wall St. ? last month TGHN.DE MPCK.DE MBGAF -1.10% Stocks to Watch Friday: FedEx, Nike, Trump Media, Mercedes-Benz **↗?** **Nike (NKE)**: Nike shares climbed about 6%. The sportswear company said Thursday that John Donahoe would retire as chief executive next month, capping a five-year tenure marked by a series of missteps. The Wall Street Journal ? last month FDX NKE LEN Mercedes, BMW Flash Warning Lights on China Top-end German carmakers have joined expensive French handbags among the products hit by weak consumer sentiment in the country. The Wall Street Journal ? last month BAMXF BMWYY BYMOF Trending tickers: Nike, Mercedes-Benz, FedEx and Investec The latest investor updates on stocks that are trending on Friday. Yahoo Finance UK ? last month MBGAF -1.10% MBGYY -0.97% ITCFY Mercedes-Benz cuts full-year forecast on declining China sales Mercedes-Benz Group AG (MBG.DE, MBGAF) is cutting its full-year sales forecasts, now revising it lower to a range of 7.5% to 8.5% from 11%. The luxury automaker references its languishing sales figure in China amid the country's economic environment. Julie Hyman and Josh Lipton report more on the story. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Luke Carberry Mogan. Yahoo Finance Video ? last month MBGAF -1.10% MBGYY -0.97% F Mercedes-Benz Group Cuts Full-Year Outlook, Citing Macroeconomic Deterioration The German luxury carmaker said the move was triggered by the further deterioration of the macroeconomic environment, specifically in China. The Wall Street Journal ? last month MBGAF -1.10% MBGYY -0.97% Performance Overview Trailing total returns as of 10/29/2024, which may include dividends or other distributions. Benchmark is DAX PERFORMANCE-INDEX Return MBGYY DAX PERFORMANCE-INDEX YTD -4.27% +16.28% 1-Year +12.20% +32.62% 3-Year -20.84% +24.09%
