- Mercedes-Benz Group AG DMLRY inaugurated a new €200 million ($217 million) Electric Software Hub in Sindelfingen, Germany.
- The center is part of a broader effort by Mercedes-Benz to streamline its software strategy from a patchwork approach bringing in technology from a wide range of suppliers to controlling the core of its software offering itself, Reuters reports.
- Around 750 of the 3,000 new hires to develop the operating system were hired in Sindelfingen, working on features from in-vehicle entertainment to autonomous driving.
- Mercedes is 600 unfilled vacancies away from achieving its goal of a global team of 10,000 software engineers in Berlin, China, India, Israel, Japan, and the U.S.
- Price Action: DMLRY shares traded higher by 0.23% at $17.09 on the last check Friday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in
