India, Feb. 20 -- Mercedes-Benz Group AG (MBGAF), a German luxury vehicle major, reported Thursday weak profit and revenues in its fourth quarter.
Further, at the Annual General Meeting on May 7, the Board of Management and the Supervisory Board will propose a dividend of 4.30 euros per share, lower than prior year's 5.30 euros.
Mercedes-Benz has also decided to buy back own shares worth up to a maximum 5 billion euros over a period of up to 24 months. The program is subject to the renewal of the authorization by the Annual General Meeting in May 2025 to buy back own shares up to a maximum of 10 percent of the share capital.
Looking ahead, Mercedes-Benz said its sales are expected to gain traction after dozens of new or refreshed models ...