Mercedes Unveils $3.2 Billion Buyback as Cash Flow Swells

Mercedes-Benz Group AG plans to buy back as much as €3 billion ($3.2 billion) worth of stock, extending moves to reward shareholders after cash flow exceeded expectations.

The German luxury-car maker said the new buyback will begin immediately after the conclusion of an ongoing program, worth €4 billion. That repurchase — at the time the first in 15 years — was unveiledBloomberg Terminal about a year ago.

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