Log in
Log in
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
Sign up
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     

MERCEDES-BENZ GROUP AG

(MBG)
  Report
Real-time Estimate Tradegate  -  12:55:32 2023-02-07 pm EST
72.31 EUR   +0.64%
09:29aThe New Esprinter : the most versatile and efficient Mercedes-Benz eVan of all time
PU
09:20aEnvironmental aid relies on the next instance after losing BMW lawsuit
DP
06:19aMunich court dismisses climate lawsuit against BMW
DP
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisionsFunds 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Mercedes, Boeing to close S. Carolina plants Friday due to Hurricane Ian

09/29/2022 | 02:04pm EST

(Reuters) - German automaker Mercedes Benz and U.S. planemaker Boeing Co will suspend operations in South Carolina on Friday due to the potential impact of Hurricane Ian.

Ian, currently downgraded to a tropical storm, is expected to be become a hurricane again later on Thursday before making U.S. landfall for the second time on Friday, according to the U.S. National Hurricane Center. It issued a hurricane warning for the entire coast of South Carolina.

"Due to the potential impact of Hurricane Ian on the greater Charleston area and to focus on the safety of our team members our facility in Ladson, South Carolina, will be closed tomorrow," Mercedes spokeswoman Andrea Berg said in a Thursday statement.

The Mercedes plant in Ladson, South Carolina, outside Charleston, employs about 1,600 people and builds the Mercedes Sprinter and Metris vans.

"Due to the anticipated impact of Tropical Storm Ian, Boeing is suspending operations at both Boeing South Carolina campuses following second shift tonight," the company said in a statement, citing employee safety. "We will continue to assess the storm's impact to employees and our operations."

Boeing said it anticipates resuming normal operations on Sunday. Boeing conducts 787 Dreamliner final assembly in South Carolina and also fabricates, assembles and installs systems for rear fuselage sections of the Boeing 787 Dreamliner and joins and integrates midbody fuselage sections.

Boeing employs more than 5,500 people in its South Carolina operations.

(Reporting by Ben Klayman in Detroit and David Shepardson in Las Vegas; Editing by Franklin Paul and Bill Berkrot)


ę Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
BOEING 1.79% 210.605 Delayed Quote.8.15%
MERCEDES-BENZ GROUP AG 0.14% 71.95 Delayed Quote.17.02%
All news about MERCEDES-BENZ GROUP AG
09:29aThe New Esprinter : the most versatile and efficient Mercedes-Benz eVan of all time
PU
09:20aEnvironmental aid relies on the next instance after losing BMW lawsuit
DP
06:19aMunich court dismisses climate lawsuit against BMW
DP
05:16aBMW emissions challenge unfounded, Munich court rules
RE
02/06Rail industry rejects expansion and new construction of highways
DP
02/06Analysis-Renault cuts Nissan stake, shedding conglomerate discount may be tougher
RE
02/06Mercedes-Benz's Sale of Russian Financial Services Division Wins President's Approval
MT
02/06Putin approves sale of Mercedes-Benz Russian finance arm
RE
02/06Transport ministers and carmakers warn against overly stringent EU emissions standard
DP
02/06Mercedes Benz : Land. Sea. Air. New campaign interprets the sustainability goals of Merced..
PU
More news
Analyst Recommendations on MERCEDES-BENZ GROUP AG
More recommendations
Financials
Sales 2022 147 B 158 B 158 B
Net income 2022 13 742 M 14 754 M 14 754 M
Net cash 2022 24 676 M 26 494 M 26 494 M
P/E ratio 2022 5,64x
Yield 2022 6,92%
Capitalization 76 868 M 82 529 M 82 529 M
EV / Sales 2022 0,35x
EV / Sales 2023 0,32x
Nbr of Employees 172 425
Free-Float 71,1%
Chart MERCEDES-BENZ GROUP AG
Duration : Period :
Mercedes-Benz Group AG Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends MERCEDES-BENZ GROUP AG
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 22
Last Close Price 71,85 €
Average target price 86,59 €
Spread / Average Target 20,5%
EPS Revisions
Managers and Directors
Ola Kńllenius Chairman-Management Board
Harald Emil Wilhelm Chief Financial Officer
Bernd Pischetsrieder Chairman-Supervisory Board
Markus Schńfer Chief Technology Officer
Sari Maritta Baldauf Member-Supervisory Board
Sector and Competitors
1st jan.Capi. (M$)
MERCEDES-BENZ GROUP AG17.02%82 529
TOYOTA MOTOR CORPORATION5.57%196 048
VOLKSWAGEN AG11.96%81 101
BMW AG16.41%66 645
GENERAL MOTORS COMPANY22.89%57 654
FORD MOTOR COMPANY13.76%52 378