|Bid||0.00 x 124500|
|Ask||0.00 x 73800|
|Day's range||72.43 - 75.85|
|52-week range||37.40 - 80.41|
|Beta (5Y monthly)||1.64|
|PE ratio (TTM)||6.00|
|Forward dividend & yield||1.35 (1.79%)|
|Ex-dividend date||01 Apr 2021|
|1y target est||N/A|
(Bloomberg) -- Daimler AG’s Mercedes-Benz vowed to spend more than 40 billion euros ($47 billion) this decade to electrify its lineup and defend its position as the world’s leading luxury-car maker through a historic industry transformation.Mercedes plans to launch three new all-electric vehicle platforms in 2025 and set up eight battery factories with partners, the company said in a strategy update Thursday. Mercedes is betting the luxury segment will shift faster toward battery cars than the m
LONDON (Reuters) -Mercedes-Benz maker Daimler plans to invest more than 40 billion euros ($47 billion) between 2022 and 2030 to develop battery electric vehicles (EVs), and be ready for an all-electric car market by the end of that period. Outlining its strategy for an electric future, the German luxury carmaker said on Thursday it would, with partners, build eight battery plants as it ramps up EV production and that from 2025 all new vehicle platforms would only make electric cars. Daimler's announcement comes just over a week after the European Union proposed an effective ban on the sale of new petrol and diesel cars from 2035, aiming to speed up the switch to zero-emission EVs as part of a broad package of measures to combat global warming.
LONDON (Reuters) -Mercedes-Benz maker Daimler plans to invest more than 40 billion euros ($47 billion) by 2030 to be ready to take on Tesla in an all-electric car market, but warned the shift in technology would lead to job cuts. Outlining its strategy for an electric future, the inventor of the modern motor car said on Thursday it would, with partners, build eight battery plants as it ramps up electric vehicle (EV) production. However, Daimler - to be renamed Mercedes-Benz as part of plans to spin off its trucks division later this year - stopped short of giving a hard deadline for ending sales of fossil-fuel cars.