Daimler AG

Daimler Truck begins trading in Germany as stand-alone company

Daimler Truck, the world’s largest maker of commercial vehicles, began trading on the Frankfurt Stock Exchange on Friday, completing a split-off from Daimler AG.

The long-awaited independence, first discussed in 2014, was a stock listing rather than an initial public offering. Daimler AG, the parent company of luxury passenger carmaker Mercedes-Benz, retains ownership of 35% of Daimler Truck. Shareholders in Daimler received one share in Daimler Truck for every two Daimler AG (OTC: DDAIF) shares...

https://www.freightwaves.com/news/daimler-truck-begins-trading-in-germany-as-stand-alone-company

Daimler Truck order bank overflowing but production stymied

Daimler Truck is awash in orders it cannot fill for new trucks because of a shortage of semiconductors and other hard-to-get parts and components.

In its last quarter as part of the Daimler AG (OTC: DDAIF) group that includes Mercedes-Benz cars and vans, the Truck and Bus Group reported considerably lower production and sales due to the ongoing semi shortage, according to Jochen Goetz, CFO of Daimler Truck & Bus.

Like its major global competitors that reported Q3 results earlier, Daimler has a...

https://www.freightwaves.com/news/daimler-truck-order-bank-overflowing-but-production-stymied

Truck Talk: There’s a grant for that edition

This week, several electric truck makers are guiding the grant-writing process to help customers afford battery-powered trucks; Nikola is fully in growth mode as the shadow of scandal lifts; a Lordstown Motors’ financial scorecard; and Daimler seals the deal to create a stand-alone truck company.

Taking help for grant-ed

The transition to heavy- and medium-duty electric vehicles is being helped along by generous grants to offset the high upfront cost of buying, or more often, leasing the...

https://www.freightwaves.com/news/truck-talk-theres-a-grant-for-that-edition

Semiconductor shortages not over yet, Daimler warns in Q2 earnings report

Daimler Truck grew second-quarter sales by 92% over the pandemic-impacted year-ago quarter but warned that a shortage of semiconductors could persist for the rest of the year, limiting growth as the Daimler AG unit prepares to become a stand-alone company.

But Daimler Truck CEO Martin Daum was upbeat about both the quarter and the outlook for the rest of the year.

“In the second quarter, truck sales increased compared to the first quarter and sales grew significantly compared to the previous...

https://www.freightwaves.com/news/semiconductor-shortages-not-over-yet-daimler-warns-in-q2-earnings-report

Truck Talk: Decoding messages on stressed supply chains

This week, we decode warnings about what stressed supply chains mean to truck makers; share some social commentary from Cummins and Wabash National; and look at a busy round of business tie-ups. You can get Truck Talk delivered via email by subscribing at https://www.freightwaves.com/truck-talk.

May the chain be unbroken

Messages from truck makers and major suppliers in their earnings reports this week suggest downtime and production delays impacting the light-vehicle industry may be closing in...

https://www.freightwaves.com/news/truck-talk-decoding-messages-on-stressed-supply-chains

The Daily Dash: Schneider’s youth movement; UPS CEO talks UPS Freight sale

The Daily Dash is a quick look at what is happening in the freight ecosystem. In today’s edition, Schneider National plans to invest in new equipment in 2021 as it seeks to lower the age of its tractors. Plus, UPS CEO Carol Tomé talks about the sale of UPS Freight, and the world reacts to Jeff Bezos stepping down as CEO of Amazon.

Youth movement

Schneider National (NYSE: SNDR) plans to invest in new equipment to lower the age of its trucks in 2021, using a cash balance to help fund the initiative.

https://www.freightwaves.com/news/the-daily-dash-schneiders-youth-movement-ups-ceo-talks-ups-freight-sale

Daimler will create stand-alone truck business

Editor’s Note: Updates throughout with additional information

Daimler AG (OTC: DDAIF) plans to create a separate company for its Daimler Truck business that would focus on zero-emissions vehicles and software that could lead to autonomous trucking.

The decision by Daimler’s supervisory board to move forward follows several years of discussion. The German newspaper Handelsblatt reported in December that Daimler was considering acting before the end of 2021. Shareholders will vote on the spinoff at...

https://www.freightwaves.com/news/news-alert-daimler-will-create-stand-alone-truck-business

Daimler forecasts strong Q4 results offsetting early 2020 setbacks

Daimler 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 cash flow through cost containment, cash preservation and strong fourth-quarter operating results, according to a forecast released Thursday.

All but the Truck & Bus division finished significantly above...

https://www.freightwaves.com/news/daimler-forecasts-strong-q4-results-offsetting-early-2020-setbacks

News Alert: Is Daimler Trucks going to go it alone?

Daimler AG is planning an initial public offering (IPO) of Daimler Trucks in late 2021, the German newspaper Handelsblatt reported Tuesday. Stuttgart-based Daimler AG is the parent company of Daimler Trucks and Mercedes-Benz autos.

The newspaper said Daimler wanted to unlock the value of the truck unit. Daimler is a world market share leader in on-highway heavy- and medium-duty trucks. Its brands include Freightliner, Western Star, Fuso and Mercedes-Benz Trucks.

Mercedes-Benz has been under...

https://s29755.pcdn.co/news/news-alert-is-daimler-trucks-going-to-go-it-alone

Singapore spinoff Hyzon Motors makes US fuel cell trucking play

In the early 2000s, General Motors envisioned hundreds of thousands of fuel cell-powered vehicles on the road by 2010. Its research and development facility in the village of Honeoye Falls, New York, would be the nerve center of the ambitious plan. 

It never happened. Instead, GM produced a few prototypes and 120 retrofitted Chevrolet Equinox SUVs used for two-week loans to consumers and businesses to acquaint them with driving on hydrogen power.

GM shut down the facility near Rochester in 2012....

https://s29755.pcdn.co/news/singapore-spinoff-hyzon-motors-makes-us-fuel-cell-trucking-play

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