Truck Market Strengthening, Daimler Financial Exec Says
WASHINGTON — The new truck market is showing signs of picking up further this fall as the economy improves and the nation’s truck fleet continues to grow older, the head of Daimler Truck’s U.S. financial arm said.
October 4, 2010Daimler Sees No Medium-Duty Sales Bubble in North America
HANOVER, Germany — There is no sales bubble coming soon for medium-duty trucks in North America, according to Martin Daum, president of Daimler Trucks North America.
September 23, 2010Daimler Trucks’ Renschler Sees Stronger Global Vehicle Market
HANOVER, Germany — The head of Daimler Trucks said the world’s largest commercial vehicle maker expects “a moderate recovery” in U.S. truck sales this year, and that he does not foresee a double-dip recession.
September 21, 2010CVG Sets Mexican Facility to Supply Daimler Plants
Truck parts maker Commercial Vehicle Group will open a new facility in Saltillo, Mexico, as part of a new agreement with Daimler Trucks North America.
Former Freightliner Exec Schmueckle Leaves Daimler
Rainer Schmueckle, the former head of Daimler Trucks North America, has left parent company Daimler AG after heading the German company’s Mercedes-Benz auto unit for five years, Bloomberg reported.
September 1, 2010DTNA’s Daum Sees Boom, But Wants to Know When
Fourteen months into his job as CEO of Daimler Trucks North America, Martin Daum said the truck sales market is still bad — although it is improving — but his real challenge is trying to figure out when sales will return to a robust pace.
August 9, 2010DTNA’s Daum Defends SCR, Rebuts Navistar’s Criticisms
The top Daimler Trucks executive in North America last week defended use of selective catalytic reduction to meet federal emissions requirements, rebutting claims by Navistar Inc. that SCR engines do not meet environmental standards because their emissions controls can be overridden by using plain water in place of a urea-water solution.
August 2, 2010Daimler Returns to Profit in 2Q
Daimler AG said Tuesday that it earned $2.74 billion (2.1 billion euros) in the second quarter, matching a forecast from earlier in July, the Associated Press reported.
July 27, 2010Daimler Expects $2.71 Billion 2Q Profit
Daimler AG said Friday it expects to announce a second-quarter profit of 2.1 billion euros ($2.71 billion), due in part to improved results in its truck business.
July 16, 2010Daimler Signs Agreement with Chinese Truck Maker
Daimler AG signed an agreement with Beiqi Foton Motor Co. on Friday to set up a 6.35 billion yuan ($940 million) venture to make medium and heavy duty trucks in Beijing, as the two seek to boost sales in China, Bloomberg reported.
July 16, 2010