Mercedes-Benz CEO criticizes EU’s 2035 CO2-emitting vehicle ban Investing.com -- Mercedes-Benz (OTC:MBGAF) (ETR:MBG) CEO Ola Kaellenius criticized the European Union’s plan to ban CO2-emitting vehicles from 2035 in a media interview on Monday, joining other voices questioning the target as it comes up for review this year. "We need a reality check. Otherwise we are heading at full speed against a wall," Kaellenius told the Handelsblatt business daily regarding the 2035 goal. He warned that Europe’s car market could "collapse" if the ban proceeds. The Mercedes CEO suggested consumers would rush to purchase petrol or diesel engine vehicles before the ban takes effect. Kaellenius, who currently serves as head of the European auto lobby ACEA (BIT:ACE), proposed alternative approaches including tax incentives and reduced power prices at charging stations to encourage electric car adoption. "Of course we have to decarbonise, but it has to be done in a technology-neutral way. We must not lose sight of our economy," Kaellenius said. This article was generated with the support of AI and reviewed by an editor. For more information see our T&C. Before you buy stock in MBGn, consider this: ProPicks AI are 6 easy-to-follow model portfolios created by Investing.com for building wealth by identifying winning stocks and letting them run. Over 150,000 paying members trust ProPicks to find new stocks to buy – driven by AI. The ProPicks AI algorithm has just identified the best stocks for investors to buy now. The stocks that made the cut could produce enormous returns in the coming years. Is MBGn one of them?

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Mercedes sees itself as ’sounding board’ in tariff talks, CEO tells newspaper BERLIN (Reuters) -Mercedes-Benz views itself as a "sounding board" that contributes ideas in tariff negotiations between the European Union and the United States, CEO Ola Kaellenius told the Frankfurter Allgemeine Zeitung newspaper on Thursday. "As a company, we hold talks with political decision-makers – in the EU as well as in China and the US," said Kaellenius. "However, negotiations take place at EU level because trade policy falls within the EU’s remit. We are available as a sounding board, contributing ideas and presenting scenarios showing how certain decisions would affect us," he added. Mercedes-Benz (OTC:MBGAF), as well as BMW (ETR:BMWG) and Volkswagen (ETR:VOWG_p), are in talks with Washington over a possible import tariff deal, sources told Reuters late last month. Kaellenius’ interview was published hours before Germany’s new chancellor, Friedrich Merz, will hold his first face-to-face talks with U.S. President Donald Trump as Europe seeks to stave off looming U.S. tariffs. Should you invest $2,000 in BMWG right now? With BMWG making headlines, savvy investors are asking: Is it truly valued fairly? In a market full of overpriced darlings, identifying true value can be challenging. InvestingPro's advanced AI algorithms have analyzed BMWG alongside thousands of other stocks to uncover hidden gems. These undervalued stocks, potentially including BMWG, could offer substantial returns as the market corrects. In 2024 alone, our AI identified several undervalued stocks that later surged by 30 or more. Is BMWG poised for similar growth? Don't miss the opportunity to find out.

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