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Profit for engine maker Cummins fell sharply in the final quarter of last year due to lower global demand, leading it to scale down plans for its new light-duty engines in North America, while Daimler AG saw record profits for 2015,
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Daimler AG, Dana and Rush Enterprises all saw weaker third-quarter financials compared to a year ago, thanks in part to the recession in Brazil and the downturn in the North American oil and gas industry.
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In Germany Friday, Daimler Trucks is operating what it says is the first series-production truck to operate on an automated basis on the highway.
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Earnings season continued on Thursday, with results reported by the world’s largest truck manufacturer along with results from one component supplier and a major owner-operator trucking company.
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Daimler AG, the German parent of Daimler Trucks North America, has reported higher third quarter profit and revenue, with record Mercedes-Benz auto sales and a booming North American truck market being partially offset by lower sales in other parts of the world.
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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.
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The total headquarters project requires a $150 million investment by Daimler Trucks North America. Work began in April 2014 to clear the land for construction of the new building with project completion slated for early 2016.
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Profit for truck, engine and carmaker Daimler AG soared in the first quarter of the year, while competitor Volvo has reported a profit following a loss a year ago
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The former head of Daimler Trucks, who left the company last month after less than a year of overseeing Mercedes Benz cars and vans at parent company Daimler AG, will be taking over responsibility for commercial vehicles at Volkswagen AG.
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CABO SAN LUCAS, MEXICO -- Daimler Trucks North America, approaching 40% market share in the U.S. with its Freightliner and Western Star brands, has set its sights on Mexico as one of its largest opportunities for growth.
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