Tag Archives: Mercedes-Benz Group

M-B Group Runs Self-Congratulatory First Annual Meeting

Well, in the face of  the ongoing pandemic and supply bottlenecks, as well as German funding of the Russian war on Ukrainian men, women, children and babies by buying Russian energy products, the financial year 2021 at Mercedes-Benz Cars, Mercedes-Benz Vans and Mercedes-Benz Mobility was successful. A dividend of €5.00 was proposed with €4.30 new reference point for dividend payments. Continue reading

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Italian Battery Plant Moves Ahead with Final Deal among Mercedes-Benz, Stellantis, TotalEnergies/Saft

Automotive Cells Company was founded by Stellantis and TotalEnergies/Saft in August 2020.This will be ACC’s third production site. The Partners are accelerating ACC development with an objective of at least 120 gigawatt hours of cell capacity by 2030 and to scale up development and production of next-generation high-performance battery cells and modules.  Continue reading

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Mercedes-Benz Group Posts Some Strong 2021 Results

However, the Mercedes-Benz Cars & Vans segment has exceeded the guidance range of 10-12% and now expects an adjusted Return on Sales of 12.7% in the full year. Despite the ongoing semiconductor shortages, during Q4 Mercedes-Benz Cars & Vans showed an adjusted Return on Sales of 15.0%, driven by high net pricing, good product mix and favorable used car performance. The strong profitability of the car business also translated into a solid industrial free cash flow exceeding the company guidance.

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Shareholders Vote to Spin-off of Daimler Truck, Rename Daimler AG to Mercedes-Benz Group

About 3,000 viewers followed the virtual Extraordinary General Meeting on the Internet. A bare majority of 56.45% of the share capital was represented. Continue reading

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