Daimler Bets Big on India’s Booming Truck, Bus Market
CHENNAI, India — The world’s largest commercial vehicle maker, Daimler AG, is making one of its biggest-ever bets by pouring $850 million into production and sales operations here, in what is now the world’s fastest-growing market for trucks and buses.
May 14, 2012Western Star Aims to Boost Market Share With New 4700; Another Model to Come
LAS VEGAS — Executives at Western Star Trucks, Daimler AG’s North American niche brand, want to boost U.S. heavy-duty market share toward the 3% level from its current neighborhood of 1.2%, hoping that its new 4700 and another model to come will increase sales toward that level.
May 14, 2012Daimler’s First-Quarter Truck Sales Rise
Daimler AG said Friday its trucks division posted a 21% jump in first-quarter sales to 107,700 vehicles, as demand in North America and Asia more than made up for declines in Europe and Latin America.
April 27, 2012Daimler Boosts Stake in Russian Truck Maker
Daimler AG plans to increase its stake in Russia’s largest truck maker as part of its target of a 64% rise in truck sales by the end of the decade, Bloomberg reported Monday.
March 19, 2012Daimler Says Layoffs to Be ‘Significantly Lower’ Than Previously Announced
NASHVILLE, Tenn. — Martin Daum, president of Daimler Trucks North America, said the company’s previously announced layoffs at its production facilities will be “significantly lower” than the 1,300 jobs it had projected earlier this year.
March 14, 2012Daimler Recalls 110,000 Trucks to Fix Defect in Detroit Diesel Engines
Daimler Trucks North America said it was recalling all 110,000 of its 2006-2013 Freightliner, Western Star and Sterling trucks equipped with Detroit Diesel 13-, 15- and 16-liter engines to fix a defect the National Highway Traffic Safety Administration said could cause accidents, fuel leaks and fires.
March 12, 2012Daimler Recalling 110,000 Trucks
The National Highway Safety Administration said Daimler Trucks North America told the agency it is recalling more than 110,000 trucks because of potentially damaged engine fuel lines.
March 6, 2012Daimler Sees Continued Growth in Global, North American Truck Markets
Daimler AG said Tuesday it sees continued truck market growth in the next two years, buoyed by a stronger North American market.
December 27, 2011Daimler, MAN Step Up China, India Presence
Daimler AG and MAN SE have stepped up their presence in China and India, respectively, Bloomberg reported Monday.
November 21, 2011Daimler Predicts Higher Truck Sales in 4Q
Daimler AG predicted a higher fourth-quarter profit on gains at its trucks and vans divisions, Bloomberg reported Thursday.
October 27, 2011