Mercedes-Benz Group AG approved a new share buyback program worth up to €1 billion. The repurchase period begins on September 1, 2026. The company expects to complete the program by April 6, 2027.

This initiative extends the automaker's capital-return strategy amid increased competition and declining sales in China. Management plans to cancel all repurchased shares.

The move follows a separate €2 billion buyback completed earlier this year.