Daimler Truck flexes financial muscle a year after going solo
In its first meeting with analysts since going solo, Daimler Truck projected revenue growth of 40%-60% in the second half of the decade.
Commercial Truck Manufacturers Coverage
In terms of the trucking industry, original equipment manufacturer (OEM) refers to parts made by the same company that makes the vehicle (as opposed to aftermarket parts, which are produced by different companies and designed to be compatible with as many vehicles as possible). While OEM products may cost more than aftermarket upfront, the price reflects the quality.
The biggest commercial truck manufacturer in the world is Daimler AG (better known as Daimler Chrysler), which produces the brands Mercedes-Benz, Western Star, Freightliner, Sterling Trucks, and Fuso, among others. Other leading commercial truck manufacturers include Volkswagen Group (which produces MAN, Scania and Volkswagen Commercial-Vehicles), Volvo Group (which produces Volvo, Renault, Mack, Eicher, and UD Trucks), and Dongfeng Motor, China’s largest automaker.
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In its first meeting with analysts since going solo, Daimler Truck projected revenue growth of 40%-60% in the second half of the decade.
Paccar Inc. is recalling 4,914 Peterbilt Model 579 Class 8 trucks because a misplaced fastener can chafe alternator insulation to catch fire.
Navistar Inc. is recalling an additional 22,684 trucks and buses for a brake fluid leak that can lead to an under hood fire.
Nineteen states want an appellate court review of an EPA waiver that allows California’s Advanced Clean Trucks rule to proceed.
Federal safety regulators have opened a preliminary evaluation of automatic emergency braking in Freightliner Cascadias.
Daimler Truck and Toyota Motor Corp. plan to merge their Asian units to save money in new technology development.
As electric trucks get most of the attention, Peterbilt’s devoted fans celebrated a new version of an historic oil-burner.
Martin Weissburg is retiring as president of Mack Trucks after five years. He is being succeeded by Stephen Roy.
The Advanced Clean Transportation Expo has grown so large that organizers kept a waiting list for exhibitors.
Once dismissed as a far-off technology, hydrogen fuel cells and infrastructure are getting buzz at the Advanced Clean Transportation Expo.
The Freightliner Class 6 battery-electric eM2 will go into production this fall with plans for a range of vocational models to follow.
Like Volvo Group and Paccar Inc., which have already reported, Daimler Truck forecasts a stronger-than-expected first-quarter earnings report.
Paccar Inc. crushed Q1 revenue and profit estimates, a quarter dampened by a $446 million hit related to European price-fixing settlements.
General Motors is recalling 40,000 medium-duty trucks built by Navistar that can catch fire because of leaking brake fluid.
Paccar Inc. is taking a $600 million pretax charge against first-quarter earnings from settlements in a 2016 European price-fixing scandal.
Volvo Group reported record sales and deliveries in the first quarter, projecting a positive note as the first truck manufacturer to release financials.
Daimler Trucks will likely have to issue an equipment recall for over 24,000 trucks after a federal regulator denies the company’s exemption request.
With some big-name backing, Verne is trying to tackle the issue of storing hydrogen on board a truck using it for fuel.
Daimler Truck completed its first year as a stand-alone company with financial results meeting its targets.
Mack, Isuzu and Hino offer new battery-electric medium-duty work trucks as the industry transition accelerates from diesel and gasoline power.