Mercedes Benz Brazil to invest 1.4 billion reais for new trucks, but exports still weak [Reuters]
Ambev S.A. American Depositary Shares (Each representing 1 Common Share) (ABEV)
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Source: Reuters
Last ambev s.a. american depositary shares (each representing 1 common share) earnings: 2/28 04:00 pm
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US:NYSE Investor Relations: ri.ambev.com.br/mobile/default_mobile.asp?idioma=1&conta=44
Mercedes Benz Brazil to invest 1.4 billion reais for new trucks, but exports still weak - Reuters 2 Min Read SAO BERNARDO DO CAMPO, Brazil (Reuters) - The Brazil unit of Mercedes Benz, the local market leader in trucks and buses, said on Tuesday it will invest 1.4 billion reais ($340 million) to launch of a new line of trucks as it expects the domestic market to grow in 2020, even if exports could fall. “Argentina is our biggest export market, and it showed signs of recovery in the last two months but it is going to fall again from now on, that is clear,” said Philipp Schiemer, president of Mercedes Benz for Brazil and Latin America. The investment is part of a previously announced package that should total 2.4 billion reais ($582.6 million) until 2022. Schiemer told reporters at the Mercedes Benz factory in Sao Bernardo do Campo, an industrial suburb of Sao Paulo, that exports for Brazil-made trucks and buses now account for less than 30% of its production, while at its peak it accou
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- Ambev S.A. (<a href="https://www.marketbeat.com/stocks/NYSE/ABEV/price-target/">NYSE: ABEV</a>) was upgraded by analysts at TheStreet from a "c" rating to a "b-" rating.MarketBeat
- Ambev S.A. (<a href="https://www.marketbeat.com/stocks/NYSE/ABEV/price-target/">NYSE: ABEV</a>) is now covered by analysts at The Goldman Sachs Group, Inc.. They set a "sell" rating on the stock.MarketBeat
- Ambev S.A. (<a href="https://www.marketbeat.com/stocks/NYSE/ABEV/price-target/">NYSE: ABEV</a>) was downgraded by analysts at Zacks Investment Research from a "hold" rating to a "sell" rating.MarketBeat
- Ambev S.A. (ABEV) CEO Jean Jereissati on Q2 2021 Results - Earnings Call Transcript [Seeking Alpha]Seeking Alpha
- Ambev S.A. (<a href="https://www.marketbeat.com/stocks/NYSE/ABEV/price-target/">NYSE: ABEV</a>) was upgraded by analysts at Zacks Investment Research from a "sell" rating to a "hold" rating.MarketBeat
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ABEV
SEC Filings
- 9/17/21 - Form 6-K
- 9/9/21 - Form 6-K
- 9/9/21 - Form 6-K
- ABEV's page on the SEC website
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