Daimler and Volvo Report Fourth Quarter Earnings

February 10, 2014

SHARING TOOLS        | Print Subscribe

The parent to Freightliner, Western Star and Detroit Diesel saw a big jump in its fourth quarter earnings while profit fell.

Daimler AG reports its net profit decreased 36% from a year ago while revenue increased 8%. Sales in its Daimler Trucks division increased 19% during the same time.

It expects increased growth for the coming year, including above average activity in North American and in emerging markets.

Read more about it from RTT.

Meantime, competitor Volvo Group said it plans to increase the number of planned jobs cuts while it reported a drop in fourth quarter earnings of 17% from a year ago with revenue increasing 8.2%.

Truck deliveries for the parent of Volvo and Mack truck during the period were up 15% while orders increased 12%.

Read more about it from Bloomberg.


Comment On This Story

Comment: (Maximum 2000 characters)  
Leave this field empty:
* Please note that every comment is moderated.


We offer e-newsletters that deliver targeted news and information for the entire fleet industry.


ELDs and Telematics

sponsored by
sponsor logo

Scott Sutarik from Geotab will answer your questions and challenges

View All

Sleeper Cab Power

Steve Carlson from Xantrex will answer your questions and challenges

View All