When it comes to battery technology, Daimler Truck is using a fast-to-market approach and already has a broad vehicle offering, followed by a dedicated, purpose-built truck platform for high-volume production as battery-electric vehicle (BEV) penetration increases. Next to a positive start into the financial year 2023, the Group continues to stay focused on self-help measures, notably the reduction of fixed costs and capital spent as well as the increase of service revenues. That is obviously highly dependent on energy prices and varies from segment to segment and region to region. The Germany manufacturer just announced a $2.2 billion share buyback. The adjusted ROS guidance for the Industrial Business for the financial year 2023 increases to a range of 8.5-10% (previously: 7.5-9%). Strong momentum and increase of guidance for 2023 to 8.5-10% adjusted ROS. Daimler Truck North America, LLC headquartered in Portland, Oregon, is the leading heavy-duty truck manufacturer in North America. Daimler Truck will also make use of the expected highly scalable and highly profitable market opportunity of autonomous driving, expecting to generate over 3 billion revenues and over 1 billion of EBIT with autonomous driving in 2030. 2021- Daimler AG Stockholders approve spinoff of truck division. The adjusted ROS guidance for Trucks North America is lifted to the range of 11-13% (previously: 10-12%). If any of these risks and uncertainties materializes, or if the assumptions underlying any of our forward-looking statements prove to be incorrect, the actual results may be materially different from those we express or imply by such statements. The product range of the bus segment includes city buses, school buses and intercity buses, coaches and bus chassis. Daimler upgraded its 2023 guidance following strong Q2 sales, expecting to increase turnover by 10-14% to 56-58 billion. As a potential complementary low-carbon technology for specific customer use cases with e.g. For power to drive, Daimler Truck aims to continuously offer best total cost of ownership for its customers regardless of the energy source, be it diesel, battery or hydrogen. Daimler Truck sets itself the clear ambition to lead the transformation towards sustainable transportation. The cash flows from the purchase and sale of marketable debt securities and similar cash investments included in cash flows from investing activities are eliminated, as these securities are classified as cash and cash equivalents and their change is therefore not part of the free cash flow of the Industrial Business. ROS: The Return on Sales is calculated as the ratio of EBIT to revenues. Daimler Truck has a worldwide network of production plants and research centers. This notice applies to your vehicle(s), See enclosed VIN list. Daimler Truck Media Site In the weight classes 5 to 8 they serve a wide range of truck applications. Daimler Truck's million-mile tested all-electric Freightliner eCascadia enters series production in North America Stuttgart / Portland, May 18, 2022 - After well over one million-miles (1.6 million kilometers) of testing in daily customer operations, Daimler Truck and its U.S. Freightliner brand recently unveiled the all-electric eCascadia . Fuso Trucks America, while mostly owned by Daimler Truck, currently operates separately from Daimler Trucks North America. 70771 Leinfelden-Echterdingen The e-axle planetary gear set may not be welded properly, which can cause the e-motor to . The joint venture with the Chinese partner Foton produces trucks under the Auman brand as well as the localized Mercedes-Benz Actros, which are manufactured specifically for the Chinese market. As a relative figure, it shows how profitable a company is and is often used in comparison to other companies in the same industry. Other companies publishing on this website: Commercial Register Stuttgart, No. 2000- Freightliner acquires Western Star Trucks. That is obviously highly dependent on energy prices and varies from segment to segment and region to region. When it comes to battery technology, Daimler Truck is using a fast-to-market approach and already has a broad vehicle offering, followed by a dedicated, purpose-built truck platform for high-volume production as battery-electric vehicle (BEV) penetration increases. Service revenue growth is expected to be driven by parts & services, ZEV ecosystems and digital solutions. It is the difference between the operating income and the operating expenses and can be derived directly from the income statement. Daimler Truck - the Commercial Vehicle Pioneers. Mit der Mercedes-Benz AG gehren wir zu den grten Anbietern von Premium- und Luxus-Pkw und Vans. It is the difference between the operating income and the operating expenses and can be derived directly from the income statement. Daimler Trucks North America LLC is the leading medium- and heavy-duty truck manufacturer in North America. Freightliner | Daimler Truck That is obviously highly dependent on energy prices and varies from segment to segment and region to region. These developments result in an increased Group revenue guidance between 56 billion and 58 billion (previously: 55 billion 57 billion). The Group also raises its outlook for each industrial segment. Error: You don't have JavaScript enabled. We are firmly on track to deliver on our 2025 ambitions. When switching between Supplier Numbers it is possible that some applications are not working and some areas are disabled due to different permission settings. Understanding the meaning and detail of these expectations can be difficult, so we are providing our suppliers a location to find documents that outline supplier expectations and documents that guide suppliers when doing business with DTNA. This document contains forward-looking statements that reflect our current views about future events. https://supplier.daimlertruck.com/docs/DOC-1007, https://supplier.daimlertruck.com/docs/DOC-1016. Both technology fields are designed as global platforms with the goal of maximum commonality to scale them across the company's portfolio across all brands and regions. All these features are enabled by a more powerful computer architecture. To create and maintain a successful business relationship with DTNA, many specific requirements must be addressed by suppliers. BOSTON and LEINFELDEN-ECHTERDINGEN, Germany, July 11, 2023 /PRNewswire/ --After its first full year as an independent listed company, Daimler Truck Holding AG (Daimler Truck) hosts its Capital Market Day 2023 in Boston (Massachusetts, USA). Daimler Truck Holding AG ("Daimler Truck") is one of the world's largest commercial vehicle manufacturers, with over 40 main locations and more than 100,000 employees around the globe. Trucks Asia is now expected to reach an adjusted ROS between 4-6% (previously: 3-5%). All rights reserved. In short: Daimler Truck is transforming for sustainable growth to the benefit of our employees, our customers and our shareholders, says Martin Daum, Chairman of the Board of Management of Daimler Truck. This document contains forward-looking statements that reflect our current views about future events. With Daimler Truck Financial Services, we can offer our customers a complete package of vehicles and financial services tailored to their needs. Decarbonizing with battery and hydrogen based solutions. As Daimler Trucks North America enters its eighth decade, it remains committed to the values on which it was founded: innovation, quality, and an unwavering dedication to meeting customers Needs. Die Mercedes-Benz Group AG (ehemals Daimler AG) ist eines der erfolgreichsten Automobilunternehmen der Welt. Free cash flow (Industrial business): The main indicator of the financial strength of the Daimler Truck Group is the free cash flow of the Industrial Business. This has always been essential, and even more so in times of transformation," says Andreas Gorbach, Member of the Board of Management of Daimler Truck, responsible for Truck Technology. DTNA has an expectation to receive quality products and services in the right quantity, at the right price and at the right time. Our portfolio of distinctive brands serves a multitude of industries and commercial vehicle applications. This tool uses JavaScript and much of it will not work correctly without it enabled. About Daimler Truck We are one of the world's largest commercial vehicle manufacturers, with over 40 production sites around the globe and more than 100,000 employees. Stringent commonality, portfolio optimization and partnerships create the scale for profitability. Daimler Truck's Financial Services business (DTFS) constitutes the fifth segment, the product range in the truck segments includes light, medium and heavy trucks for long-distance, distribution and construction traffic and special-purpose vehicles used mainly in the municipal and vocational sector. Its customers enable people to be mobile and get goods to their destinations reliably, on time, and safely. Daimler Truck will also make use of the expected highly scalable and highly profitable market opportunity of autonomous driving, expecting to generate over 3 billion revenues and over 1 billion of EBIT with autonomous driving in 2030. Given the excellent operating business development and strong cash flow generation, Daimler Truck also updated its capital allocation policy to reduce the impact of industrial cycles on dividend payments. In addition to the sale of new and used commercial vehicles, the Company also offers aftersales services and connectivity solutions. Looking beyond 2025, we see multiple growth opportunities in our industry and we are fully equipped to exploit these opportunities. for the payment of open supplier invoices, employee salaries or investments). When switching between Supplier Numbers it is possible that some applications are not working and some areas are disabled due to different permission settings. Daimler Buses (DB) with the Mercedes-Benz and Setra bus brands. Fleet managers and independent companies associate Freightliner with efficient, reliable vehicles, which are used day-in, day-out even in the most grueling conditions. Cision Distribution 888-776-0942 Our flexible technology strategy enables us not only to navigate the historic transformation of our industry, but to capture all opportunities associated with it. Weitere auf dieser Seite verffentlichende Unternehmen: Handelsregister beim Amtsgericht Stuttgart, Nr. Daimler Truck's business activities are structured in five reporting segments: Trucks North America (TN) with the truck brands Freightliner and Western Star and the school bus brand Thomas Built Buses. As a potential complementary low-carbon technology for specific customer use cases with e.g. Please turn JavaScript back on and reload this page. Tailored financial services are also part of our portfolio. The adjusted ROS guidance for the Industrial Business for the financial year 2023 increases to a range of 8.5-10% (previously: 7.5-9%). The Group also raises its outlook for each industrial segment. We are initiating a share buyback program of up to two billion euros over a period of up to two years to make sure our shareholders fully benefit from our successful development. Mount Holly, North Carolina (Freightliner), Gaffney, South Carolina (Freightliner Custom Chassis Corporation), Gastonia, North Carolina (Alliance Truck Parts), High Point, North Carolina (Thomas Built Buses), Santiago Tianguistenco, Estado de Mexico, Mexico (Freightliner), Saltillo, Coahuila, Mexico (Freightliner). Welcome to DTNA Portal, the starting point for working with all brands and franchises that fall under the Daimler Truck North America umbrella. And we are ready to take Daimler Truck to the next level by 2030 aiming for above 12% adjusted return on sales for the Industrial Business in sunny conditions. 2005- Opening of a high-tech cold chamber in Portland, Oregon. At the same time, we will be relentlessly focused on cost discipline and smart capital allocation, says Jochen Goetz, Member of the Board of Management and CFO of Daimler Truck. The platforms also allow to leverage on scales even beyond Daimler Truck. Whether you use DTNA's online resources to complete repairs, purchase parts, submit warranty claims, spec new vehicles or track the status of your vehicle orders, DTNA Portal offers customization and . Technology Strategy: Creating value for customers and scale for Daimler Truck. Our facilities are designed to minimize downtime and provide a comfortable environment for drivers as we work to get your . We do not intend or assume any obligation to update these forward-looking statements since they are based solely on the circumstances at the date of publication. Daimler Truck North America, NextEra Energy Resources and BlackRock All segments contributed positively to this year-over-year increase: Trucks North America +14.7% with 50,618 units (Q2/22: 44,124), Mercedes-Benz +1.1% with 39,236 units (Q2/22: 38,812), Trucks Asia +9.2% with 40,097 units (Q2/22: 36,704) and Daimler Buses +21.8% with 6,181 units (Q2/22: 5,075). coaches and bus chassis. These statements are subject to many risks and uncertainties, including an adverse development of global economic conditions, in particular a decline of demand in our most important markets; a deterioration of our refinancing possibilities on the credit and financial markets; events of force majeure including natural disasters, pandemics, acts of terrorism, political unrest, armed conflicts, industrial accidents and their effects on our sales, purchasing, production or financial services activities; changes in currency exchange rates, customs and foreign trade provisions; a shift in consumer preferences; a possible lack of acceptance of our products or services which limits our ability to achieve prices and adequately utilise our production capacities; price increases for fuel or raw materials; disruption of production due to shortages of materials, labour strikes or supplier insolvencies; a decline in resale prices of used vehicles; the effective implementation of cost-reduction and efficiency-optimisation measures; the business outlook for companies in which we hold a significant equity interest; the successful implementation of strategic cooperations and joint ventures; changes in laws, regulations and government policies, particularly those relating to vehicle emissions, fuel economy and safety; the resolution of pending government investigations or of investigations requested by governments and the conclusion of pending or threatened future legal proceedings; and other risks and uncertainties, some of which are described under the heading "Risk and Opportunity Report" in the current Annual Report. 1947- Freightliner opens its first truck plant in Portland, Oregon. He . Mercedes-Benz Mobility AG offers financing, leasing, car subscription and car rental, fleet management, digital services for charging and payment, insurance brokerage, as well as innovative mobility services. The guidance for the Groups investment and R&D costs is lifted to slight increase (previously on prior-year level), however, free cash flow for the Industrial Business is now expected to increase significantly (previously: slight increase), proving again Daimler Trucks high cash conversion. We are one of the world's largest commercial vehicle manufacturers, with over 40 production sites around the globe and more than 100,000 employees. 2018- Thomas Built Buses launches the all-electric "Jouley" Saf-T-Liner C2. These statements are subject to many risks and uncertainties, including an adverse development of global economic conditions, in particular a decline of demand in our most important markets; a deterioration of our refinancing possibilities on the credit and financial markets; events of force majeure including natural disasters, pandemics, acts of terrorism, political unrest, armed conflicts, industrial accidents and their effects on our sales, purchasing, production or financial services activities; changes in currency exchange rates, customs and foreign trade provisions; a shift in consumer preferences; a possible lack of acceptance of our products or services which limits our ability to achieve prices and adequately utilise our production capacities; price increases for fuel or raw materials; disruption of production due to shortages of materials, labour strikes or supplier insolvencies; a decline in resale prices of used vehicles; the effective implementation of cost-reduction and efficiency-optimisation measures; the business outlook for companies in which we hold a significant equity interest; the successful implementation of strategic cooperations and joint ventures; changes in laws, regulations and government policies, particularly those relating to vehicle emissions, fuel economy and safety; the resolution of pending government investigations or of investigations requested by governments and the conclusion of pending or threatened future legal proceedings; and other risks and uncertainties, some of which are described under the heading Risk and Opportunity Report in the current Annual Report. ROS: The Return on Sales is calculated as the ratio of EBIT to revenues. This figure is in the focus of the investor because it shows, how much liquid funds can be used to repay loans or to distribute to shareholders. We are increasing our guidance for 2023. Thus, the transformation requires a transition phase in which the diesel engine still plays a central role. Daimler Truck North America produces and markets commercial vehicles under the Freightliner, Western Star and Thomas Built Buses nameplates. "Looking beyond 2025, we see multiple growth opportunities in our industry and we are fully equipped to exploit these opportunities. Daimler Trucks North America, LLC headquartered in Portland, Oregon, is the leading heavy-duty truck manufacturer in North America. Welcome to DTNAConnect, the Daimler Trucks North American secure portal that provides access to the full spectrum of online applications, resources and tools. If the corresponding regulatory framework conditions are set, the Company can build upon existing diesel engine platforms and provide this technology quickly. With a broad range of natural gas and hybrid trucks, Freightliner Trucks is the innovative brand for alternative drive technologies in the medium- and heavy-duty commercial vehicle segment. high power demand, Daimler Truck is considering the hydrogen combustion engine. This also applies to the transformation to CO2-neutral driving. By this, Daimler Truck has already improved its resilience and aims to further reduce the impact of cyclical downturns on future results. Daimler Truck North America LLC (formerly Freightliner Corporation) is an automotive industry manufacturer of commercial vehicles headquartered in Portland, Oregon, and LLC of the German multinational Daimler Truck AG. For intelligence to drive, Daimler Truck aims to differentiate with software features, which are rolled out rapidly, with high quality and tailor-made for customer use cases. All Rights Reserved. In addition, Daimler Truck announced to initiate a share buyback program with a value of up to 2 billion over approximately up to 24 months, expected to start after the Q2 disclosure (August 1st). On October 1, 2021, Daimler AG stockholders approved a spinoff of the truck division. Daimler Truck sets itself the clear ambition to lead the transformation towards sustainable transportation. For Daimler Buses the adjusted ROS target corridor is raised to between 3-5% (previously: 2-4%). The company is headquartered in Fort Mill, South Carolina, and it operates as Daimler Trucks North America LLC. This figure is in the focus of the investor because it shows, how much liquid funds can be used to repay loans or to distribute to shareholders. All submitted applications are manually reviewed, please allow time for processing. Free cash flow (Industrial business): The main indicator of the financial strength of the Daimler Truck Group is the free cash flow of the Industrial Business. For a zero-emission future, the company is convinced that only the combination of battery-electric and hydrogen-powered propulsion systems will enable the customers to solve their transportation tasks sustainably and economically. Next to a positive start into the financial year 2023, the Group continues to stay focused on self-help measures, notably the reduction of fixed costs and capital spent as well as the increase of service revenues. When it comes to battery technology, Daimler Truck is using a fast-to-market approach and already has a broad vehicle offering, followed by a dedicated, purpose-built truck platform for high-volume production as battery-electric vehicle (BEV) penetration increases.
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