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Germany's Daimler AG has become the lead investor in American charging solutions provider ChargePoint as part of a plan to expand its development of electric vehicles.
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Martin Daum, president and CEO of Daimler Trucks North America, has been named to head the Daimler’s global trucks and bus operations.
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Wolfgang Bernhard has resigned from the Board of Management of Daimler AG, the company announced on Feb. 10.
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The parent company to names such as Freightliner, Western Star, and Mercedes reported the best year in the company’s history, and it's expanding investment in research and development, focusing on "digitization," autonomous tech and connectivity.
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Earnings for two of the world’s biggest truck makers varied greatly in the third quarter, according to figures released on Friday, and both had a dim view of upcoming sales in the North American market.
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Daimler’s Mercedes-Benz Truck unit along with Germany-based trailer maker Krone have teamed up to put together a linehaul tractor-trailer they say delivers up to a 20% cut in fuel consumption compared to existing combinations.
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Car and truck maker Daimler AG reported a slight increase in its second quarter profit, but it expects significantly lower truck sales for this year. Meanwhile, one supplier is feeling the effects of the slowing North American commercial vehicle market.
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The European Union is fining five truck makers nearly 3 billion euros for acting as a cartel to fix prices of medium and heavy-duty trucks and time the introduction of technologies to comply with emissions rules.
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The second quarter earnings season got underway on Monday with Daimler AG unexpectedly releasing numbers showing its adjusted earnings in the second quarter of the year are “significantly above market expectations” – but the news did not carry over into its truck operations.
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Earnings for two of the world’s largest truck makers moved lower in the first quarter, according to earnings reports issued Friday.
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