Daimler AG Truck Unit’s Third-Quarter Earnings Set Record
Daimler AG reported third-quarter earnings before interest and taxes at its global truck division were the highest ever, climbing 34% to about $897 million compared with about $667 million in the year-earlier quarter.
The company said the gain primarily was driven by higher unit sales in North America and Europe, positive exchange-rate effects and the realization of further efficiency improvements.
Truck sales in North America grew by 19% to a record 52,200 trucks compared with the year-earlier period, said the company, which is the parent of Daimler Trucks North America. DTNA's heavy-duty brands include market-leading Freightliner Trucks and niche product Western Star Trucks.
“In the third quarter, we proved once again that we are pursuing the right strategies and are progressing with the right products and technologies,” Daimler Chief Financial Officer Bodo Uebber said in a conference call.
Uebber said Daimler’s overall revenue compared with the year-ago period increased 13% to about $42 billion.
