AllAnalyst Report
logoMorningstarSeptember 20, 2024

Mercedes-Benz Group AG: Mercedes-Benz: Heavy Exposure to Weak High-End Chinese Consumer Demand Results in Profit Warning

Symbols
MBGAF
Sector(s)
Consumer Cyclical
Rating
Current Price
$64.62
Fair Value
Economic Moat
Stewardship
Summary

Based in Stuttgart, Germany, Mercedes-Benz Group makes premium and luxury 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 9.74% of Aston Martin and 9.55% of Beijing Automotive Group. Through Tenaciou3 Prospect Investment, Li Shufu, chair of Chinese automaker Geely, owns 9.69% of Merced

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