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.
May 17, 2022BusinessTechnologyAutonomous
Apex.AI Gains Minority Investment From Daimler Truck
Software developer Apex .AI announced Daimler Truck made a minority investment in the company.
May 5, 2022GovernmentBusinessTechnologyEquipmentAutonomous
Daimler’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.
April 21, 2022BusinessTechnologyEquipment
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.
January 25, 2022Business
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.
July 21, 2021BusinessTechnologyEquipment
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.
June 1, 2021Business
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.
April 23, 2021BusinessTechnologyEquipmentFuel
Daimler Restructuring ‘Dream Come True,’ Martin Daum Says
The head of Daimler’s global truck operation believes the upcoming restructuring into a separate company positions it to accelerate growth in terms of both innovation and financial opportunity.
February 8, 2021BusinessTechnologyEquipment
Volvo, Daimler Sign Binding Agreement for Fuel Cell Joint Venture
The Volvo Group and Daimler Truck AG announced they have signed a binding agreement covering a previously announced joint venture to develop, produce and commercialize fuel cell systems primarily for heavy-duty trucks as well as other applications.
November 3, 2020BusinessTechnologyFuel
Daimler Trucks Touts Global Plan for Vehicle Electrification
Daimler Trucks announced hydrogen fuel cell heavy-duty trucks with a range of 621 miles (1,000 kilometers) on a single tank will be a key element of its global electrification strategy aligned with the goals of the Paris Climate Protection Convention.
September 16, 2020