Torc Robotics Signs Pact to Acquire Canada’s Algolux
Daimler Truck autonomous technology subsidiary Torc Robotics has signed an agreement to acquire Canadian artificial intelligence developer Algolux Inc.
Daimler, European Partners to Test HD Truck Using Liquid Hydrogen Fuel
To test the use of liquid hydrogen in a commercial vehicle fuel cell, Daimler Truck announced it is putting a prototype heavy-duty truck and filling station into operation in Germany.
Daimler Truck Says Chip Crunch Easing
Daimler Truck Holding AG sees promising signs of moving past the prolonged chip shortage that has beset manufacturers globally, the head of the company’s Mercedes truck brand said.
Daimler Truck Q1 Net Income Tumbles, Revenue Climbs
Daimler Truck reported net income tumbled 81% and revenue increased 17% in the first quarter as it faced persistent supply chain bottlenecks and passed along rising costs amid increased demand.
Apex.AI Gains Minority Investment From Daimler Truck
Software developer Apex .AI announced Daimler Truck made a minority investment in the company.
May 5, 2022Daimler’s Martin Daum: Autonomous Trucks Will Benefit Industry Without Threatening Jobs
ALBUQUERQUE, N.M. — As autonomous trucks gradually move closer to commercialization, Daimler Truck CEO Martin Daum sees this technology delivering a range of benefits for fleet customers and for society at large.
Daimler’s Richard Howard Envisions Transformation of Truck Financing
As technology continues to transform the commercial truck market, Daimler’s Richard Howard sees a similar evolution underway on the financial services side of the industry.
Daimler Posts $4.3 Billion Q2 Profit Despite Chip Shortage
FRANKFURT, Germany — German automaker Daimler reaped strong profits in the second quarter as demand for its Mercedes luxury cars continued to rebound from the depths of the pandemic, generating cash that the company can invest in its shift to electric vehicles.
Daimler, Nokia Settle Mobile Tech War That Threatened Car Sales
Daimler AG and Nokia Oyj settled their dispute over the licensing of wireless technology patents in cars, ending a legal battle that has been watched beyond the auto industry and initially threatened sales of the iconic Mercedes brand in its home country.
Daimler Reports Significantly Higher Q1 Net Income
Daimler Group reported higher net income and improved revenue in the first quarter as total vehicle sales climbed 13% compared with a year earlier.