Daimler Truck Q3 Profit Plunges 35% Even as DTNA Sales Gain
The truck maker posted net income of $676.6 million, or diluted earnings per share of 83 cents, in Q3, down 35% from $1.033 billion, or $1.22, in the year-ago period.
Jury Rules Against Daimler in $160 Million Liability Verdict
An Alabama state jury has issued a $160 million verdict against DTNA in a product liability case involving a driver who became quadriplegic after a 2022 rollover accident.
Daimler Broadens Global Platform of Electric Vehicles, Services
The company introduced a dedicated brand for its global charging infrastructure initiatives and broadened the scope of its financial services business.
Daimler Truck North America Announces Key Leadership Changes
Daimler Truck North America is making two key leadership changes this month.
September 11, 2024Industry-Led ZEV Infrastructure Group Sees Membership Rise
LAS VEGAS — Powering America’s Commercial Transportation finalized its initial membership cohort in recent days with 24 founding members.
Battery-Electric Truck Growth Underwhelms in 2023
Progress in 2023 for battery-electric trucks was slower than expected, with demand underwhelming and improvements needed for the underlying infrastructure, some OEM executives say.
Daimler Truck CEO Martin Daum to Be Interim CFO
Daimler Truck AG CEO Martin Daum will temporarily assume the role of chief financial officer at the original equipment manufacturer, the company said Aug. 14.
Daimler Truck Q2 Profit Rises on Sales Tailwind
Daimler Truck posted a net profit of $1.101 billion in the three months that ended June 30, compared with $1.037 billion in the year-ago period, the company said Aug. 1.
Daimler to Deploy 800 eCascadias to Sysco
Food service distributor Sysco Corp. and Daimler Truck North America jointly announced Sysco’s letter of intent to deploy 800 battery-electric Freightliner eCascadia Class 8 tractors by 2026.
Daimler, Waymo Outfitting Custom Chassis for Autonomous Driving
Daimler reported a custom Class 8 chassis specifically intended to support SAE Level 4 driving is being outfitted through its partnership with the autonomous technology company Waymo.