-
Daimler Truck Spinoff On Track After Parent Company's Board Vote
Monday, August 2, 2021 - 1:34pm | 709Daimler Truck Holding AG has received the go-ahead to become a stand-alone company from the Board of Management and Supervisory Board of Daimler AG. After the planned spinoff of Daimler Truck by the end of this year, shareholders of Daimler AG will hold a 65% stake in the new company, which will...
-
Daimler Trucks Adds Safety Equipment As Truck-Related Crash Deaths Fall
Monday, June 7, 2021 - 4:06pm | 906Daimler Trucks North America (DTNA) is adding three safety features that could build on preliminary federal statistics that showed truck-related crash deaths fell last year while passenger car fatalities increased. The new features for the Detroit Assurance suite of safety systems add more...
-
Cummins Will Build Medium-duty Engines For Daimler Trucks
Tuesday, February 23, 2021 - 12:59pm | 587Cummins Inc. (NYSE: CMI) will build a medium-duty engine plant within a Daimler Trucks Mannheim complex in Germany to localize medium-duty engines that comply with the Euro VII emissions. Daimler Truck AG and Cummins plan a global strategic partnership under which Cummins will make engines...
-
Daimler Trucks US Full-year Sales Fall 30% As Independence Nears
Thursday, February 18, 2021 - 12:34pm | 580Soon-to-be-independent Daimler Trucks AG struggled to a loss-making 2020 as fourth-quarter revenue fell 6%. But the near future looks brighter as new truck orders surged triple digits in the quarter. The unit of Daimler AG sold 8% fewer trucks in North America in Q4. Orders for new equipment...
-
Daimler Forecasts Strong Q4 Results Offsetting Early 2020 Setbacks
Monday, February 1, 2021 - 11:45am | 378Daimler Trucks is likely to miss consensus estimates for sales and earnings when the German automaker's parent reports results Feb. 18. Daimler AG consists of Mercedes-Benz Cars & Vans, Daimler Trucks & Buses and Daimler Mobility. All three divisions contributed to improved industrial free...
-
Feds Fine Daimler Trucks $30M For Slow Recall Reporting
Thursday, December 31, 2020 - 3:43pm | 658Daimler Trucks North America (DTNA) agreed to pay up to $30 million in civil penalties for tardy recall reporting in a two-year consent agreement with federal safety regulators. It is the biggest such fine sought in five years. DTNA must pay $10 million to the National Highway Traffic Safety...
-
Daimler Trucks Cautiously Resumes US Production
Wednesday, April 22, 2020 - 7:17pm | 566Daimler Trucks North America (DTNA), the largest manufacturer of heavy-duty trucks in North America, resumed production at its U.S. plants this week, albeit with plant-specific worker protections in place. The maker of Freightliner and Western Star trucks had suspended production on March 24 on a...
-
Daimler Recalls Trucks Because Of Rear Visibility Issue
Monday, April 20, 2020 - 3:37pm | 301Daimler Trucks North America (DTNA) is recalling 63,175 Freightliner, Western Star and Sterling trucks dating to 2005 because obscured reflective tape could make it difficult for a following motorist to see the truck, increasing the possibility of a crash. The recall involves 58 models covering 15...
-
Freightliner Recalls Trucks With Improperly Lubricated Axles
Monday, April 6, 2020 - 1:23pm | 380Daimler Trucks North America (DTNA) is recalling two Freightliner models because certain axles were produced at supplier Meritor Inc. (NYSE: MTOR) without oil in the wheel end, a condition that has led to two Meritor equipment recalls in less than a year. Daimler is recalling 1,532 Freightliner...
-
Today's Pickup: Daimler Trucks, Torc Robotics To Expand Autonomous Driving Testing
Tuesday, February 18, 2020 - 1:44pm | 796Good day, Daimler Trucks (OTC: DDAIF) and its partner Torc Robotics plans to expand Level 4 autonomous vehicle testing in the U.S., the companies announced in a press release this morning. Level 4 vehicles are able to operate without a driver in the vehicle, although in current testing in...
-
Sliding Sales Prompt Restructuring At Daimler Trucks
Tuesday, January 14, 2020 - 10:31am | 832Daimler Trucks sales fell 4% globally in the first 11 months of 2019 as sales in Europe and North America contracted faster than expected, leading to "extensive structural measures" to reduce production and improve profitability. "For two years, up until the third quarter of last year, we had an...
-
Daimler Trucks Recalls Western Star Sleeper Cabs For Window Issue
Monday, November 25, 2019 - 5:23pm | 258Daimler Trucks North America is recalling 2,725 Western Star brand 4,900 and 5,700 sleeper cabs from the 2016-2020 model years because an improper adhesive could allow the vent windows to detach from the trucks. On the affected vehicles, a strut assembly that prevents the vent window from over-...
-
Today's Pickup: Daimler Is Laying Off Over 1,000 Workers To Save Money Amidst Auto Sector Slowdown
Thursday, November 14, 2019 - 1:52pm | 715Good day, German automaker Daimler has announced that it will be laying off workers to save more than €1 billion by 2022, citing the global auto slowdown and the €870 million fine it had to pay in September for selling vehicles that exceeded emissions limitations. Daimler will also be channeling...
-
Daimler Trucks Recalls Great Western Models Over Sleeper Side Door Issue
Tuesday, November 5, 2019 - 10:04am | 235Western Star is recalling 2,546 heavy-duty trucks because the sleeper side door can detach while the truck is in motion, creating a risk of the falling door striking another vehicle. One incident reported in July prompted the recall by Daimler Trucks North America, the parent company of Western...
-
Daimler Trucks Not Sweating Loss Of Chunks Of Market Share
Tuesday, October 29, 2019 - 6:17pm | 672Daimler Trucks North America, the industry sales leader, is not sweating the loss of big chunks of heavy- and medium-duty market share trucks through the first nine months this year. "Our Class 6-7 trucks are out of capacity," President and CEO Roger Nielsen told FreightWaves in an October 28...