German truck and automaker Daimler AG reported Wednesday that it’s third quarter underlying profit, along with earnings, both increased in the second quarter of the year.
German truck and automaker Daimler AG reported Wednesday that it’s third quarter underlying profit, along with earnings, both increased in the second quarter of the year.
Earnings before interest and taxes rose 12% from the same time a year earlier while revenue grew 6% during the same time. Net profit fell considerably due to a sale of shares it owned in the European company EADS, now known as Airbus Group
Ad Loading...
Worldwide, 628,900 passenger cars and commercial vehicles were sold from April through June, which is 4% more than in the same period of last year.
“We are growing profitably, our strategy is bearing fruit,” stated Dr. Dieter Zetsche, chairman of the board of management of Daimler AG and head of Mercedes-Benz cars. “We are steadily continuing along our path. We are satisfied with the second quarter and continue to work consequently on structural improvements.”
Unit sales by Daimler Trucks developed very differently from one region to another also in the second quarter. Worldwide, sales of 126,100 trucks were 2% higher than in the prior-year period. In North America sales rose 18% to 41,100 units. In Western Europe, sales were 7% lower than in the second quarter of last year, primarily due to purchases being brought forward because of the introduction of the new Euro VI emission limits at the end of 2013, according to the company. In Latin America, the current economic situation continued to have a negative impact on demand for trucks.
Ad Loading...
Daimler Trucks second-quarter revenue of was at the prior-year level. The division’s earnings before interest and taxes increased to 455 million euros, compared to second quarter 2013 of 434 million euros.
“The significant increase in unit sales in the NAFTA region and reduced warranty expenses were the main drivers of the stronger earnings, while ongoing weak demand in Latin America and exchange-rate effects had a negative impact,” the company said in a statement.
Daimler AG is the parent company to Daimler Truck North America, which has the Freightliner, Wester Star and Detroit Diesel brands. The company also produces Mercedes-Benz cars.
Westport and Volvo are demonstrating a 500-hp truck with diesel-like efficiency — one that also offers what Westport says is a better pathway to using hydrogen fuel in trucks.
New sensor integrations and component validation signal a shift from strategy to execution as Kodiak and Bosch push toward high-volume driverless truck deployment.
The evolution of the modern truck was a long, slow affair. But perhaps no other company did more to establish the template for what a modern truck should be, and how it should perform, than REO.
Western Star has expanded its operator-focused Star Nation competition and outreach to spotlight skill, attract new drivers, and strengthen industry ties.
The all-new Volvo VNR is jam-packed with advanced safety features. Join HDT for a first-hand look at how Volvo is keeping drivers safer and productive on the road.
At Volvo’s New River Valley customer center, the all-new VNR proves that maneuverability, safety, and driver confidence can coexist in a regional-haul workhorse.
March trailer orders posted an unexpected monthly jump, but demand still trails historical norms as fleets prioritize power units over trailing equipment.
A new autonomous truck startup company is targeting yard, port, and short-haul freight with a lighter, fully autonomous platform designed for dock-to-dock moves.