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The Future of Mercedes-AMG Is Maybach-less

The Future of Mercedes-AMG Is Maybach-less

Newsweeka day ago

Michael Schiebe is running two divisions of Mercedes-Benz that have unique buyer sets, Mercedes-AMG and Mercedes-Maybach. AMG is the performance arm of the company and Maybach has super luxury vehicle buyers. Though they have one brand boss, they won't ever combine.
"We will never, ever put those brands together, because they are different brands, and they are very special, and they are unique," Schiebe told Newsweek. The publication named Schiebe its World's Greatest Auto Disruptors Visionary Disruptor of the Year this year.
Maybach and AMG are on similar paths, tasked with redefining themselves in customers' eyes as the brands find themselves part of the larger Mercedes-Benz technology and sustainability stories. While AMG is tasked with pushing the performance limits of the possible, Maybach is redefining what limits are for the company's most exclusive client set.
Making a car an AMG or a Maybach isn't just about slapping upgraded finishes or parts on an existing Mercedes-Benz model. "Just to give you an example, when we turn an SL into a Maybach... We have different components in the car, different software, different suspension. We define certain criteria that a Maybach needs to fulfill to be a real Maybach, and if it doesn't fulfill this requirement, it does not qualify. We will never, ever sacrifice our high ambition for the requirements we have," Schiebe explained.
Big Pilot's Watch and the Mercedes-AMG G 63.
Big Pilot's Watch and the Mercedes-AMG G 63.
Mercedes-AMG
As the next generation of Mercedes-Benz cars comes to market, fresh platforms and power approaches will allow Maybachs to take on new levels of luxury. "I would say they should stay tuned when it comes to technology, because all the next generations of our existing portfolios and new cars, our job is to make it a Maybach. It doesn't matter whether it's an S-Class or it's a GLS, or whatever future portfolio position. They will become more comfortable than they are today," Schiebe said.
"If you buy Maybach, you don't want to have the mainstream car. You want to differentiate yourself. This is why Maybach cars will never be like high-volume cars. It's a very, I would say, unique customer group. They want to show that they differ or differentiate themselves from mainstream customers. This is why, of course, the Maybach is also in a different price league than just our mainstream cars."
Customers should not expect Maybach to be anything other than true to itself while pushing forward. "Talking about the future, I would say it's part of our job to constantly review the portfolio," Schiebe said. "I would say we can go further down with our [special] editions. We have been very successful with the Virgil Ablow edition... I see there is further room for, let's say, very special, low volume, very specific editions," Schiebe divulged.
The Limited Edition Maybach by Virgil Abloh debuted in 2022 and was based on the S-Class sedan.
The Mercedes-Maybach SL Monogram Series parked in Ibiza.
The Mercedes-Maybach SL Monogram Series parked in Ibiza.
Mercedes-Maybach
Schiebe also hinted at a "small volume, special series" that is in the works, but refused to say which of the five Maybachs currently for sale (EQS Sedan, EQS SUV, S-Class, GLS-Class and SL-Class) would be part of the project.
"[Special editions] fulfill different roles," Head of Mercedes-Maybach Daniel Lescow, told Newsweek. "Certainly, they help to draw attention to the brand, especially if we do it in a combination with the collaboration. It is a part of the brand building that is a building block."
"Fortunately, we have seen the brand awareness rising over the past years. That's a very, very positive development. These editions certainly have a play in that... Customers who really want to go for that very, very, very special offer, and they find this in the editions," Lescow continued.
Mercedes-Maybach will enhance the luxury of its in-person experience, a process that has been underway for the last decade. "We started with the atelier in Shanghai, which is a dedicated brand space. It's important to have people there, sales personnel, that can fully indulge into the Maybach world and are able to explain not only the car, but also the brand philosophy and the brand history. And this space in particular is the essence of the brand aesthetic. If you enter that space... you immediately get an understanding what the brand stands for," Lesow said.
Much of the atelier experience comes down to appealing to a customer's senses — whether it's the smell of one of the brand's signature scents, the taste of a made-to-order espresso, the feel of supple leather options for the interior of a bespoke model or show cars that serve as inspiration.
Maybach has their sights set on a level of service you'd find at a high-end hotel or restaurant. "You come in, we know you as our customers, and we treat you like in a five-star restaurant. We know what you want before you come to us and then we're going show it to you," Schiebe explained.
Bottles from the Mercedes-Maybach Haute Parfumerie collection.
Bottles from the Mercedes-Maybach Haute Parfumerie collection.
Mercedes-Maybach
Brand centers are designed to go further. The company is opening its first in Seoul, "A space in the middle of the very busy Gangnam area, a very stylish area in the middle of the top shopping [district]. This will be a very, very important expression of the brand," Lescow said.
With its upgraded client services offerings, the Maybach brand is looking to raise the bar on super luxury car buying, besting those long considered the leads in the business, like Rolls-Royce, Lamborghini and Bentley.

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S&P 500 Gains and Losses Today: Nucor Stock Falls as US, Mexico Negotiate on Steel Tariffs
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S&P 500 Gains and Losses Today: Nucor Stock Falls as US, Mexico Negotiate on Steel Tariffs

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Stock market today: Dow, S&P 500, Nasdaq rally pauses as cool inflation data boosts Fed rate cut hopes
Stock market today: Dow, S&P 500, Nasdaq rally pauses as cool inflation data boosts Fed rate cut hopes

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Stock market today: Dow, S&P 500, Nasdaq rally pauses as cool inflation data boosts Fed rate cut hopes

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The US video game retailer announced net sales of $732.4M, down from $881.8M in the same period of 2024. Tesla (TSLA) stock rose 1% in premarket trading, after CEO Elon Musk backtracked on his comments towards President Trump. Musk said: 'I regret some of my posts about President @realDonaldTrump last week,' he said on his social-media platform, X. 'They went too far.' Victoria Secret's (VSCO) shares rose by 1% ahead of its earnings release on Wednesday. The retailer, which recently reported a cyberattack, is expected by analysts to reoort revenue of around $1.35B. Yahoo Finance's Allie Canal reports: Read more here. Gold prices are edging higher even after the US and China talks delivered a plan to ease trade tensions, a sign the market is not yet convinced of a breakthrough. Futures rose 0.7% to around $3,366 an ounce in early trading on Wednesday. Bloomberg reported: Read more here. US stocks took a breather on Wednesday as investors digested a softer-than-expected inflation reading and assessed a US-China plan to salvage their trade truce. The Dow Jones Industrial Average (^DJI) was roughly flat, losing just one point on the day, while the S&P 500 (^GSPC) sagged more than 0.3%. The tech-heavy Nasdaq Composite (^IXIC) led the declines, falling almost 0.6%. Oil surged more than 4% on Wednesday following a Reuters report that the US embassy in Iraq is preparing for a partial evacuation amid security threats. The surge came after the report, citing US and Iraqi sources, said employees were preparing for an ordered departure because of heightened risks in the area. West Texas Intermediate (CL=F) futures gained more than 4% to settle at $68.15 per barrel. Brent crude (BZ=F), the international benchmark, also jumped more than 4% to settle at $69.77 per barrel. Crude had rallied earlier in the session after President Trump said the US had reached a trade framework deal with China. Futures also gained after Trump said in an interview he was less confident that Washington would reach a nuclear deal with Iran, a top oil producer. Yahoo Finance's Jennifer Schonberger reports: Treasury Secretary Scott Bessent told lawmakers he would like to remain in his seat until 2029, but he did not dismiss the possibility of becoming the next chair of the Federal Reserve. He was asked in an appearance before the House Ways and Means Committee if he would rather be Fed chair or Treasury secretary — a possible reference to a media report that his name is now being circulated as a possible replacement for Jerome Powell once Powell's term as chair of the Fed expires next May. Bessent said he has "the best job" in Washington and is "happy to do what President Trump wants me to do," while noting that "I would like to stay in my seat through 2029" to help carry out the administration's agenda. Read more here. President Trump's Truth Social posts aren't moving markets like they used to. At 8:04 a.m. ET Wednesday morning, the President posted on his social media platform, "OUR DEAL WITH CHINA IS DONE, SUBJECT TO FINAL APPROVAL WITH PRESIDENT XI AND ME." A post like that would've moved markets a month ago as stocks were swinging on any and every Trump update. But on Wednesday, futures tied to the major indexes barely budged after Trump's post. Instead, stocks found their direction from economic data. At 8:30 a.m. ET a cooler-than-expected reading of consumer prices for May sent futures higher as investors amped up bets that the Federal Reserve could cut interest rates at least twice this year. This marked the latest sign that markets have moved on from President Trump's trade war dictating every market move. Instead, focus is shifting back to the Federal Reserve and the path of the US economy. "For some period of time, tariffs were the only thing that mattered," Truist Co-CIO Keith Lerner told Yahoo Finance on Wednesday. "And I think we're finding out today a lot of other factors matter." And for now, economists argue the economic picture may be improving. "Combined with the solid May jobs report, the CPI data reduce the chances of a nasty bout of stagflation," Bank of America US economist Stephen Juneau wrote in a note to clients on Wednesday. "That means a lower risk of "bad" cuts (due to a collapse in the labor market) but increased probability of "good" cuts (solid labor market and slowing inflation)." Egg prices fell 2.7% in May to headline a month that saw grocery inflation rise from the prior month but continue to moderate as consumers search for relief from high food prices, which have weighed on household budgets for years. Food at home prices have now increased by less than 0.5% each month since October 2022. Wednesday's Consumer Price Index report showed that the index for food at home rose 0.3% last month, a rebound after recording a 0.4% drop in April to mark the largest monthly decline since 2020. May also marked the 27th straight month that inflation for food at home was below inflation for food away from home, per JPMorgan analyst Ken Goldman. Half of the major grocery store food groups saw an increase in April, and the other half saw a decline, reversing the downturn consumers saw across five categories in the prior month. Read more here. Tesla (TSLA) CEO Elon Musk's recent feud with his former ally President Trump put the spotlight on the risk of the electric vehicle stock's "Musk premium." Wall Street analysts and investors have varying opinions of Tesla and its controversial chief executive. But they agree on this: Tesla stock trades at higher levels than other electric vehicle companies. In other words, it trades at a premium because of Elon Musk. "If Elon Musk was gone tomorrow, [the] stock could get cut in half," Roth Capital Partners analyst Craig Irwin told Yahoo Finance. "There's no question there's a Musk premium in the shares." Irwin holds a Buy rating on Tesla stock. Others have different values for the Musk premium, ranging as high as 90%. Musk's foray into politics, particularly his recent feud with President Trump, showcased how quickly the premium on Tesla shares can erode. Read the story here. Yahoo Finance's Jennifer Schonberger reports: Read more here. Quantum computing stocks jumped in early trading Wednesday after Nvidia (NVDA) CEO Jensen Huang made bullish comments about the technology at the chipmaker's GTC Paris developer conference. Quantum Computing (QUBT) rose more than 31% after market open, while Rigetti Computing (RGTI) jumped more than 18%. IonQ (IONQ) rose over 8%. The companies make quantum computing hardware and software. By comparison, the S&P 500 (^GSPC) was up about 0.2%. Huang told a crowd Wednesday that 'we are within reach' of using quantum computers for 'areas that can solve some interesting problems in the coming years.' 'Quantum computing is reaching an inflection point,' he said. Read more here. US stocks were muted at the open on Wednesday as investors digested a softer-than-expected consumer inflation reading and assessed a US-China plan to salvage their trade truce. The Dow Jones Industrial Average (^DJI) slipped less than 0.1%, while the S&P 500 (^GSPC) was roughly flat. The tech-heavy Nasdaq Composite (^IXIC) climbed about 0.2%. Platinum (PL=F) extended gains Wednesday, rising to its highest level in four years after trading sideways for about a decade. Platinum prices were up 4% Wednesday morning to trade at $1,261.40 an ounce. Prices of the metal, which is used in electric vehicles, jewelry, and industrial applications, have soared 40% year to date. Bloomberg reports that strained supply has caused prices to increase, particularly as President Trump's tariffs disrupted trade flows and output declined in South Africa, the world's largest platinum producer. From Bloomberg: Read more here. Inflation didn't pickup as much as Wall Street expected in May. The latest data from the Bureau of Labor Statistics showed that consumer prices increased 2.4% over the prior year in May, an increase from April's 2.4% and in line with economists' forecast for 2.4%. But all other closely watched metrics from the release came in below expectations. On a month-over-month basis, prices increased 0.1%, lower than the 0.2% estimated by economists and the 0.2% increase seen in April. On a "core" basis, which strips out the more volatile costs of food and gas, prices in April climbed 0.1% over the prior month, lower than April's 0.2% rise and below consensus projections for a 0.3% increase. Over the last year, core prices rose 2.8%, unchanged from the prior month and below Wall Street's expectations for a 2.9% increase. The largest tech stocks in the market are once again leading the market higher. And in recent weeks, investor excitement surrounding Big Tech has trickled down to newly issued public offerings, such as stablecoin issuer Circle (CRCL) and Nvidia-baked CoreWeave (CRWV). Yahoo Finance's Josh Schafer writes in today's Morning Brief: Read more here. 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The US video game retailer announced net sales of $732.4M, down from $881.8M in the same period of 2024. Tesla (TSLA) stock rose 1% in premarket trading, after CEO Elon Musk backtracked on his comments towards President Trump. Musk said: 'I regret some of my posts about President @realDonaldTrump last week,' he said on his social-media platform, X. 'They went too far.' Victoria Secret's (VSCO) shares rose by 1% ahead of its earnings release on Wednesday. The retailer, which recently reported a cyberattack, is expected by analysts to reoort revenue of around $1.35B. Yahoo Finance's Allie Canal reports: Read more here. Gold prices are edging higher even after the US and China talks delivered a plan to ease trade tensions, a sign the market is not yet convinced of a breakthrough. Futures rose 0.7% to around $3,366 an ounce in early trading on Wednesday. Bloomberg reported: Read more here.

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