Daimler Truck

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Daimler Truck Holding AG
TypePublic
FWB: DTG
IndustryAutomotive
PredecessorDaimler AG's heavy commercial vehicle operations
Founded1 November 2019; 2 years ago (2019-11-01)
Stuttgart
HeadquartersLeinfelden-Echterdingen, Germany
Key people
Martin Daum (Chairman)
Products
Brands
ServicesFinancial services
Revenue€44.9 billion (2019)
OwnerMercedes-Benz Group (35%)
Number of employees
100,000 (2019)
Websitewww.daimler-truck.com

Daimler Truck AG (holding company legal name Daimler Truck Holding AG) is one of the world's largest commercial vehicle manufacturers, with over 35 main locations worldwide and approximately 100,000 employees. Daimler Truck AG is headquartered in Leinfelden-Echterdingen, Germany. It was part of Daimler AG from November 2019 to December 2021.

History[]

Daimler Truck was established in 2019. In February 2021, Daimler said it planned to spin off Daimler Truck into a separate listed company.[1][2] The spin-off was approved by its shareholders on 1 October 2021.[3] Following this, Daimler Truck Holding AG was incorporated to manage assets owned by Daimler Truck AG, and Daimler AG retained 35% of shares in a new company, with 5% being transferred to its pension trust.[4] A separate website of Daimler Truck company was launched on 1 December,[5] and the company went public on 10 December.[6]

In addition to Mercedes-Benz trucks, Freightliner, Western Star, BharatBenz, Thomas Built Buses and Mitsubishi Fuso brands belong to the Daimler Trucks. In 2018, the most important sales market was the NAFTA countries with 37% followed by Asia with 32%, Western Europe (EU plus Norway and Switzerland) with 17%, and Latin America (excluding the NAFTA country of Mexico) with 7%.[7]

In 2018, the Daimler Buses division of Daimler Truck maintained market leadership in its core markets of Europe, Mexico, Brazil, and Argentina, selling 30,888 vehicles worldwide. In addition to Mercedes-Benz buses, Daimler Buses includes BharatBenz Buses, Mitsubishi Fuso Buses, and Setra.[8]

Brands[]

  • Mercedes-Benz: light, medium and heavy trucks, buses
  • Freightliner: medium and heavy trucks, vans
  • Western Star: heavy trucks
  • Thomas Built Buses: school buses
  • Fuso: light and medium duty trucks
  • BharatBenz: Truck brand in India
  • TruckStore: used vehicles, financing, leasing, rental, warranty and service contracts, and buyback
  • Setra: buses
  • Fleetboard: telematics and Connectivity
  • Detroit Diesel: medium- and heavy-duty powertrain

Finances[]

Of the Daimler Group's total workforce of 298,683 at the end of 2018 (2017: 289,321), 82,953 (2016: 79,483) worked at the Daimler Trucks division, of which 30,447 (2017: 30,424) were employed in Germany and 16,647 in the U.S. (2017: 15,002). In 2019, revenue amounted to €40.2 billion at Daimler Trucks and €4.7 billion at Daimler Buses.[9]

Locations[]

The Daimler Trucks and Daimler Buses locations worldwide or their subsidiaries are located in Germany, Turkey, Colombia, France, Portugal, the United States, Spain, Mexico, Brazil, Japan, South Africa and India.[10]

Daimler Buses[]

Argentina

  • Buenos Aires

Brazil

Colombia

Czechia

France

Germany

India

  • Chennai

Indonesia

  • Jakarta

Mexico

  • Monterrey

South Africa

  • East London, Eastern Cape

Spain

Turkey

  • Istanbul

Daimler Truck[]

Argentina

  • Buenos Aires

Brazil

France

  • Molsheim

Germany

India

  • Chennai
  • Bengaluru

Japan

Mexico

  • Saltillo
  • Santiago Tianguistenco

Portugal

Russia

United States

Turkey

References[]

  1. ^ Carey, Nick (3 February 2021). "Daimler to spin off truck unit, sharpen investor focus on Mercedes-Benz". Reuters. Retrieved 4 February 2021.
  2. ^ "Automaker Daimler to spin off trucks business, change name". Yahoo Finance Canada. 3 February 2021. Archived from the original on 7 February 2021. Retrieved 4 February 2021.
  3. ^ tagesschau.de. "Daimler besteht künftig aus zwei unabhängigen Teilen". tagesschau.de (in German). Retrieved 2021-10-03.
  4. ^ "Questions and answers to the spin-off Daimler Truck". DaimlerTruck.com. Retrieved 2022-01-08.
  5. ^ "Following the Split-Off: New Daimler Truck Media Site". DaimlerTruck.com. 2021-12-01. Retrieved 2022-01-08.
  6. ^ "Daimler Truck launched on stock exchange as an independent company". DaimlerTruck.com. 2021-12-10. Retrieved 2022-01-08.
  7. ^ "Daimler Trucks: Rekordjahr 2018 mit Höchstwerten bei Absatz, Umsatz und Ertrag - Absatzplus für 2019 erwartet". marsMediaSite (in German). Retrieved 2021-10-03.
  8. ^ AG, Daimler Truck. "Marken Daimler Buses | Daimler Truck AG". Daimler Truck AG (in German). Retrieved 2021-10-03.
  9. ^ "Daimler teilt sich auf - omnibus.news" (in German). Retrieved 2021-10-03.
  10. ^ AG, Daimler Truck. "Daimler Trucks & Daimler Buses Standorte | Daimler Truck AG". Daimler Truck AG (in German). Retrieved 2021-10-03.

External links[]

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