<\/p>\n
Mercedes-Benz Group AG will buy back as much as \u20ac1 billion ($1.2 billion) of its own stock starting this week, extending a capital-return programme even as it grapples with waning sales in China.<\/p>\n
The German carmaker\u2019s supervisory board approved the program, which will start on Sept. 1 and be completed by April 6, Mercedes said Monday. The move formalises plans it had already flagged with its second-quarter results in July. The repurchased shares are to be cancelled.<\/p>\n
Mercedes has been trying to balance shareholder returns with investments in electric vehicles and software as competition intensifies, particularly in China. It completed a separate \u20ac2 billion buyback earlier this year.<\/p>\n
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The carmaker\u2019s shares were little changed in early Monday trading in Frankfurt. The stock is down more than a fifth this year.<\/p>\n
The company\u2019s cars division posted an adjusted return on sales of 4% in the second quarter, well below its ambitions. Mercedes has been cutting costs and trimming capacity while chief executive officer Ola K\u00e4llenius pushes a product offensive that includes the new CLA sedan and electric GLC sport utility vehicle.<\/p>\n
The buyback will be carried out through an independent bank and may be suspended during separate employee share-purchase programs expected in November and March, Mercedes said.<\/p>\n
\u00a9 2026 Bloomberg<\/p>\n
#Mercedes #start #1bn #share #buyback #programme<\/p>\n","protected":false},"excerpt":{"rendered":"
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