Mercedes-Benz Group AG·Consumer Cyclical

A House bill aimed at blocking Chinese-linked automakers could result in a U.S. ban of new Mercedes-Benz vehicles. Mercedes-Benz's largest individual shareholder is BAIC, a Chinese state-owned automaker.

Mercedes-Benz CEO Ola Källenius joins CNBC's Phil LeBeau to discuss the unveiling of the company's new electric vehicle, how he sees the state of the luxury car market in the U.S., navigating tariffs, and more.

With the Model S no more, car enthusiasts might want to check out the Mercedes AMG GT.

The remarks come as the German manufacturing sector seeks to recast itself as a major player in the West's defense arsenal.

Current European Union rules such as an outright ban on internal combustion car engines in 2035 have not spurred the intended shift to electric vehicles, Mercedes Benz Chief Executive Ola Kallenius said on Wednesday.

Mercedes-Benz has agreed to sell its seven Berlin dealerships to a Canadian investor, as part of efforts to sell off businesses in its dealership network, the German carmaker said late on Tuesday.
Mercedes-Benz Group AG operates as an automotive company in Germany and internationally. The company develops, manufactures, and sells passenger cars comprising premium and luxury vehicles of the Mercedes-Benz brand, including the Mercedes-AMG, G-Class, Mercedes-Maybach, and Mercedes-EQ brands, as well as small cars under the smart brand; ecosystem of Mercedes-Benz under the Mercedes me brand; and vans under the Mercedes-Benz and Freightliner brands, as well as related spare parts and accessories. It also provides financing and leasing packages for end-customers and dealers; automotive insurance brokerage and banking services; car subscription and car rental, and fleet management, as well as digital services for charging and payment; and mobility services. The company was formerly known as Daimler AG and changed its name to Mercedes-Benz Group AG in February 2022. Mercedes-Benz Group AG was founded in 1886 and is headquartered in Stuttgart, Germany.
Consumer Cyclical
Auto - Manufacturers
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