Daimler AG said its third-quarter worldwide truck sales jumped 44% from a year ago and that its truck unit would post a profit before interest and taxes of more than $1.5 billion for the full year.
October 28, 2010Business
Scanias Third-Quarter Profit Jumps
Swedish truck maker Scania ABs third-quarter profit jumped eightfold as demand for heavy trucks increased, Bloomberg reported.
October 25, 2010Business
Truck Market Strengthening, Daimler Financial Exec Says
WASHINGTON The new truck market is showing signs of picking up further this fall as the economy improves and the nations truck fleet continues to grow older, the head of Daimler Trucks U.S. financial arm said.
October 4, 2010Business
Daimler Sees No Medium-Duty Sales Bubble in North America
HANOVER, Germany There is no sales bubble coming soon for medium-duty trucks in North America, according to Martin Daum, president of Daimler Trucks North America.
September 23, 2010Business
Daimler Trucks Renschler Sees Stronger Global Vehicle Market
HANOVER, Germany The head of Daimler Trucks said the worlds largest commercial vehicle maker expects a moderate recovery in U.S. truck sales this year, and that he does not foresee a double-dip recession.
September 21, 2010Business
CVG Sets Mexican Facility to Supply Daimler Plants
Truck parts maker Commercial Vehicle Group will open a new facility in Saltillo, Mexico, as part of a new agreement with Daimler Trucks North America.
September 10, 2010Business
Former Freightliner Exec Schmueckle Leaves Daimler
Rainer Schmueckle, the former head of Daimler Trucks North America, has left parent company Daimler AG after heading the German companys Mercedes-Benz auto unit for five years, Bloomberg reported.
September 1, 2010Business
DTNAs Daum Sees Boom, But Wants to Know When
Fourteen months into his job as CEO of Daimler Trucks North America, Martin Daum said the truck sales market is still bad although it is improving but his real challenge is trying to figure out when sales will return to a robust pace.
August 9, 2010Business
DTNAs Daum Defends SCR, Rebuts Navistars Criticisms
The top Daimler Trucks executive in North America last week defended use of selective catalytic reduction to meet federal emissions requirements, rebutting claims by Navistar Inc. that SCR engines do not meet environmental standards because their emissions controls can be overridden by using plain water in place of a urea-water solution.
August 2, 2010Business
Daimler Returns to Profit in 2Q
Daimler AG said Tuesday that it earned $2.74 billion (2.1 billion euros) in the second quarter, matching a forecast from earlier in July, the Associated Press reported.
July 27, 2010