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Mercedes-Benz has successfully launched the all-electric EQS SUV at its Tuscaloosa plant in Alabama. This marks a significant step in its global initiative to produce eight all-electric vehicles this year. The EQS SUV will be exclusively built in the U.S., supported by a new battery factory in Bibb County, which opened in March. The production aligns with Mercedes-Benz's commitment to sustainability, aiming for carbon-neutral operations at both facilities. The company has invested over $7 billion in Alabama, securing 4,500 jobs directly and an additional 11,000 indirectly.
Mercedes-Benz Group demonstrated strong Q2 2022 performance with a 7% revenue increase to €36.4 billion and an 8% rise in adjusted EBIT to €4.9 billion, despite a 7% fall in sales due to semiconductor shortages. The adjusted Return on Sales for Mercedes-Benz Cars reached 14.2%. The company continues to plan for an all-electric future, boosting electric vehicle sales significantly by 134%. Outlook for 2022 has improved, with revenue and EBIT now expected to be ‘significantly above’ prior-year levels. However, free cash flow decreased by 34% to €1.4 billion due to supply-chain bottlenecks.
Mercedes-Benz is investing over €1.3 billion in employee training and continuing education by 2030 to adapt to digital and electric transformations. The 'Turn2Learn' initiative will enhance lifelong learning through extensive e-learning platforms and customized learning paths, promoting professional development for all employees. The rollout begins in Q3, focusing on digital skills and offering thousands of online courses. This move aims to align workforce capabilities with sustainable and digital business strategies, ensuring competitive readiness in a rapidly evolving automotive industry.
Mercedes-Benz has auctioned one of two ultra-rare 1955 300 SLR Uhlenhaut Coupes for a record
The Vision AMG, a new all-electric concept car from Mercedes-AMG, embodies the brand's commitment to electrification, set to debut in 2025. Built on the dedicated AMG.EA platform, the Vision AMG features a striking design characterized by a long wheelbase, short overhangs, and innovative aerodynamic elements. The vehicle integrates advanced technology, such as a revolutionary Axial Flux Motor, enhancing performance. The combination of luxury and cutting-edge electric mobility positions the Vision AMG as a significant step towards the future of high-performance electric vehicles.
Mercedes-Benz has outlined a strategic update focusing on luxury segments at the 'Economics of Desire' event in Côte d'Azur. The company plans to invest over 75% in Top-End and Core Luxury segments, projecting a 60% increase in Top-End vehicle sales by 2026. It aims for an operating margin of around 14% by mid-decade while transitioning to a fully electric lineup by 2030. Key models include the new E-Class and exclusive Maybach editions, with a commitment to enhancing the digital customer experience and expanding direct sales.
Mercedes-Benz Group AG has appointed new Supervisory Board members: Dame Polly Courtice and Marco Gobbetti. The Executive Board and Supervisory Board were relieved of responsibility. Shareholders approved a substantial dividend increase to €5.00 per share, up from €1.35, during the Annual Meeting, with 64.56% of the share capital represented. The meeting included voting results on various items, all of which were accepted, demonstrating shareholder support for the company's strategic direction.
Mercedes-Benz Group AG's first Annual Meeting reaffirms its leadership in the luxury automotive sector while unveiling notable achievements from fiscal year 2021 and Q1 2022. The company reported a 9% revenue increase to €167.97 billion, and a staggering 340% rise in EBIT to €29.07 billion, alongside a proposed dividend of €5.00 per share. With plans to introduce over 10 fully electric vehicles by year-end 2022 and the milestone Vision EQXX achieving over 1,000 km range, Mercedes-Benz is committed to enhancing sustainability and financial robustness.
Mercedes-Benz Group AG reported strong financial performance in Q1 2022, with adjusted Return on Sales of 16.4% for Cars and 12.6% for Vans. Revenue rose by 6% to €34.9 billion, and EBIT increased by 11% to €5.2 billion. Free Cash Flow stood at €1.2 billion, while net liquidity reached €22.7 billion. Despite challenges such as semiconductor shortages and geopolitical unrest, demand for electric and top-end vehicles surged. The company maintains its guidance for 2022, anticipating ongoing supply chain risks and inflationary pressures.
Mercedes-Benz has opened a new battery production plant in Bibb County, Alabama, creating up to 600 jobs as part of its transition to an all-electric lineup. This facility will support the production of the EQS SUV and EQE SUV, enhancing the company’s global electric vehicle strategy across three continents. The factory will operate with a highly flexible digitalized production system and emphasizes sustainability, including CO2-neutral manufacturing. Mercedes-Benz also partnered with Envision AESC to provide high-performance battery modules, strengthening its battery supply chain in the U.S..
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