Mercedes-AMG and BMW Announce New Cars, Technology and Plant Investments

In a press release on February 21st, Mercedes-Benz Group AG announced its 2024 financial results. The company also revealed plans for new products, improvements in production efficiency, as well as stock buybacks for the future.

The company reported group profit before tax of €13.6 billion, revenue of €15.6 billion, industrial free cash flow of €9.2 billion, and net liquidity of €31.4 billion.

Additionally, Mercedes-Benz said it will pay a dividend and participate in a €5 billion share buyback program to reduce debt.

According to the company, its electric vehicles will continue to be developed further. Full-new models are scheduled for 2026 and 2027.

Mercedes also announced that new electric models will be released until 2027. In 2025, Mercedes will release the full-electric CLA long-wheelbase model. The 2026 GLE long-wheelbase model will be available in China, with production to start in Beijing in June of that year.

In terms of its Chinese localisation progress, this new generation of the CLA and GLE is now expected to be developed from a platform known as MMA.The CLA also features an MB.OS system for autonomous driving and advanced smart assistance.