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Mercedes-Benz Group AG MBGAF Stock Quote

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Morningstar‘s Stock Analysis MBGAF

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Mercedes-Benz Is a World Leader in Premium and Luxury Automobiles

Richard Hilgert Senior Equity Analyst

Business Strategy and Outlook

| Richard Hilgert |

Daimler AG completed the spinoff of its truck and bus operations on Dec. 10, 2021 and changed its name to Mercedes-Benz Group AG on Feb. 1, 2022. In 2021, the truck and bus business, now called Daimler Truck AG, accounted for 20% of consolidated revenue including discontinued operations and 11% of group adjusted EBIT. The remaining operations of Mercedes-Benz Group include premium and luxury passenger vehicles and light commercial vans as well as Mercedes-Benz Mobility, which includes financial services and other mobility services like ride-hailing.

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Key Statistics MBGAF

Company Profile MBGAF

Business Description

Based in Stuttgart, Germany, Mercedes-Benz Group AG makes premium passenger vehicles and commercial vans. Brands include Mercedes-Benz, AMG, and Maybach. Mercedes-Benz Mobility provides the company's dealers and its customers with vehicle financing as well as mobility services in ride hailing, car sharing, and charging. Mercedes owns 11.9% of Aston Martin and 9.6% of Beijing Automotive Group. Li Shufu, chairman of Chinese automaker Geely Automobile, owns 9.7% of Mercedes-Benz. Other major shareholders include Kuwait Investment Authority at 6.8% and Beijing Automotive group at 5.0%.

Mercedesstrasse 120
Stuttgart, BW, 70372, Germany
T +49 711170
Industry Auto Manufacturers
Most Recent Earnings Jun 30, 2022
Fiscal Year End Dec 31, 2022
Employees 250,768

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