This also applies to the transformation to CO2-neutral driving. Daimler Truck AG. These developments result in an increased Group revenue guidance between 56 billion and 58 billion (previously: 55 billion 57 billion). 1951- Freightliner signs agreement to retail trucks through White Motor Corporation dealerships. 2021- Daimler AG Stockholders approve spinoff of truck division. The main drivers for leveraging Daimler Truck's financial strength towards 2030 are stringent allocation of capital through our return on capital steering model and the associated active portfolio management, service revenue growth, autonomous driving and zero emission vehicles (ZEV). 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). Fleet managers and independent companies associate Freightliner with efficient, reliable vehicles, which are used day-in, day-out even in the most grueling conditions. Tailored financial services are also part of our portfolio. HRB 762884 2017- Western Star celebrates its 50th anniversary. Daimler Trucks North America | Daimler All these features are enabled by a more powerful computer architecture. 1997- Freightliner acquires Ford Motor Company's heavy-truck business and names it "Sterling." Die Mercedes-Benz Group AG (ehemals Daimler AG) ist eines der erfolgreichsten Automobilunternehmen der Welt. HRB 19360Umsatzsteueridentifikationsnummer: DE 81 25 26 315, __________________________________________, Handelsregister beim Amtsgericht Stuttgart, Nr. Daimler Truck North . This should translate into a 40-60% increase in revenues between 2025 and 2030 and an above 12% adjusted return on sales for the Industrial Business in sunny conditions. 2020- Starting in January, Daimler Trucks North America took over official support of. Daimler Truck . DTNAConnect - New User - Freightliner Daimler Truck - Wikipedia In a next step, Daimler Truck targets to further decouple software and hardware development cycles, enabling product and business improvements that can be developed in fast agile cycles, by Daimler Truck or third parties, and deployed over-the-air. Company | Daimler Truck EBIT (earnings before interest and taxes) provides information about the profitability of a company and its segments. Our portfolio of distinctive brands serves a multitude of industries and commercial vehicle applications. The Company is striving to make sustainable transport a success, with profound technological knowledge and a clear view of its customers' needs. In addition to cash flows from operating activities, this also includes cash flows from investing activities 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. Trucks Asia (TA) with the FUSO, BharatBenz and RIZON commercial vehicle brands. Trucks Asia is now expected to reach an adjusted ROS between 4-6% (previously: 3-5%). Daimler Truck Holding AG Fasanenweg 10 70771 Leinfelden-Echterdingen Germany Phone: +49 711 8485-0 E-mail: contact@daimlertruck.com Represented by the Board of Management: Martin Daum (Chairman), Karl Deppen, Jochen Goetz, Andreas Gorbach, Jrgen Hartwig, John O'Leary, Karin Rdstrm, Stephan Unger. To access these resources, you must register using the TEM Registration Form. Therefore, the companys focus lies on two technology fields that provide the highest differentiation for customers and the largest economies of scale. It is the difference between the operating income and the operating expenses and can be derived directly from the income statement. The guidance for the Group's 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 Truck's high cash conversion. Stringent commonality, portfolio optimization and partnerships create the scale for profitability. ZEV products are expected to have a higher revenue per unit and to be still favorable from a total cost of ownership perspective for customers. Decarbonizing with battery and hydrogen based solutions. 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. As a potential complementary low-carbon technology for specific customer use cases with e.g. All these features are enabled by a more powerful computer architecture. Other companies publishing on this website: Daimler Truck the Commercial Vehicle Pioneers. Leverage financial strength for 2030 ambition of above 12% adjusted ROS. 2007- Daimler and Chrysler split. Daimler Truck North America has an overall rating of 4.0 out of 5, based on over 972 reviews left anonymously by employees. Mit der Mercedes-Benz AG gehren wir zu den grten Anbietern von Premium- und Luxus-Pkw und Vans. That is obviously highly dependent on energy prices and varies from segment to segment and region to region. In the second quarter of 2023, worldwide unit sales of the Group increased by 9.0% versus the prior year quarter, selling in total 131,888 units (Q2/22: 120,961). Mit Ihrer Anmeldung erklren Sie sich damit einverstanden, Inhalte von uns zu erhalten. 2008- Parts of the company's operations are moved to. 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. We hope suppliers find it helpful and look forward to a mutually rewarding business relationship. For Mercedes-Benz, the Group now expects an adjusted ROS between 8-10% (previously: 7-9%). En vous inscrivant la newsletter, vous consentez la rception de contenus de notre part. , , , , , , Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. Remark on toll free number: "+" for mobile phones. The platforms also allow to leverage on scales even beyond Daimler Truck. Today, DTNA is the leading commercial vehicle manufacturer in North America. Warehouse Person Job Opening in PDC Atlanta, at Daimler Truck North 2005- Opening of a high-tech cold chamber in Portland, Oregon. 1999- The one-millionth Freightliner truck is built. In addition to the sale of new and used commercial vehicles, the Company also offers aftersales services and connectivity solutions. Fasanenweg 1070771 Leinfelden-EchterdingenGermany, Telefon: +49 711 8485-0Fax: +49 711 8485-2000E-mail: contact@daimlertruck.com, Phone: +49 711 8485-0Fax: +49 711 8485-2000E-mail: contact@daimlertruck.com, Represented by the Board of Management: Martin Daum (Chairman), Jochen Goetz, Andreas Gorbach, Jrgen Hartwig, John O`Leary, Karin Rdstrm, Karl Deppen, Stephan Unger, Chairman of the Supervisory Board: Joe Kaeser, Handelsregister beim Amtsgericht Stuttgart, Nr. Unchanged to this day, the Company's aspirations are dedicated to one purpose: Daimler Truck works for all who keep the world moving. Trucks Asia (TA) with the FUSO, BharatBenz and RIZON commercial vehicle brands. Jrg Howe, +49 160 8698000, joerg.howe@daimlertruck.com, Thomas Hvermann, + 49 176 30984119, thomas.hoevermann@daimlertruck.com, Maximilian Splittgerber, +49 160 8607124, maximilian.splittgerber@daimlertruck.com, Paul Mandaiker, +49 176 30999267, paul.mandaiker@daimlertruck.com. 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. Other companies publishing on this website: Our Freightliner Trucks are an indispensable part of the North American haulage sector. Capital Market Day 2023: Daimler Truck Transforming for Sustainable 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. Freightliner launches SelecTrucks. 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. SuperTruck II reflects our relentless pursuit of freight efficiencies today and in the future. PDF Daimler Truck North America LLC P.O. Box 4090 IMPORTANT SAFETY RECALL The Freightliner New Cascadia is the flagship in the long-distance haulage segment. Improvements to these components aerodynamics, powertrain, rolling resistance, and energy management led to the most aerodynamic Freightliner truck weve ever built, featuring innovations and technologies that could, one day soon, be available to customers. Its customers enable people to be mobile and get goods to their destinations reliably, on time, and safely. View original content to download multimedia:https://www.prnewswire.com/news-releases/capital-market-day-2023-daimler-truck-transforming-for-sustainable-growth-301874025.html, Plus500. Active portfolio management and the stronger focus on return on capital steering approach support Daimler Truck to pivot towards the high-margin heavy-duty segment. We are firmly on track to deliver on our 2025 ambitions. In the case of medium-duty engines, Daimler Truck is concentrating on a non-captive procurement approach of such units in view of the declining volume of diesel-powered vehicles. 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. Today, DTNA is the leading commercial vehicle manufacturer in North America. Unchanged to this day, the Company's aspirations are dedicated to one purpose: Daimler Truck works for all who keep the world moving. 70771 Leinfelden-Echterdingen The speed of decarbonization in trucking is highly driven by the availability of infrastructure and competitive cost of green energy. For Daimler Buses the adjusted ROS target corridor is raised to between 3-5% (previously: 2-4%). 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. 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. HRB 762884 Though in the case of the own platform for heavy-duty engines, the Group wants to remain competitive through further scaling, even beyond Daimler Truck. The founders of Daimler Truck have invented the modern transportation industry with their trucks and buses a good 125 years ago. By this, Daimler Truck has already improved its resilience and aims to further reduce the impact of cyclical downturns on future results. 1976- Freightliner opens new corporate headquarters in Portland, Oregon and sets up regional sales offices. Overall, Daimler Truck is on track to achieve the above 10% adjusted return on sales ambition by 2025 for the Industrial Business in favorable conditions. To maintain a more stable dividend level even in tougher market environments, the future dividend payout range will amount to 40-60%. 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. To maintain a more stable dividend level even in tougher market environments, the future dividend payout range will amount to 40-60%. Daimler Truck provides the technologies, products, and services for them to do so. Though in the case of the own platform for heavy-duty engines, the Group wants to remain competitive through further scaling, even beyond Daimler Truck. We know that when we service your vehicle, we're servicing your business. 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. With Daimler Truck Financial Services, we can offer our customers a complete package of vehicles and financial services tailored to their needs. Fuso Trucks America, while mostly owned by Daimler Truck, currently operates separately from Daimler Trucks North America. Find the latest Daimler Truck Holding AG (DTG.F) stock quote, history, news and other vital information to help you with your stock trading and investing. coaches and bus chassis. 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). When you work for a Daimler company, you join a global network of over 250,000 dedicated employees on six continents who share your passion. From here you can navigate to online . Transforming for sustainable growth: Increased guidance 2023, share buyback program and updated dividend payout ratio of 40-60%, technology outlook and ambition of over 12% return on sales by 2030. Please turn JavaScript back on and reload this page. 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. The main drivers are stronger core markets accompanied by an improving supply chain situation, robust pricing and a strong development of the services business. Today, DTNA is the leading commercial vehicle manufacturer in North America. We hope suppliers find it helpful and look forward to a mutually rewarding business relationship. 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. The adjusted ROS guidance for Trucks North America is lifted to the range of 11-13% (previously: 10-12%). 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. As a potential complementary low-carbon technology for specific customer use cases with e.g. We are firmly on track to deliver on our 2025 ambitions. 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. from the payment for vehicles sold) and cash outflow (e.g. 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. In addition to the sale of new and used commercial vehicles, the Company also offers aftersales services and connectivity solutions. Western Star: A Site About Heavy-Duty Trucks Daimler Truck North America produces and markets commercial vehicles under the Freightliner, Western Star and Thomas Built Buses nameplates. The company is headquartered in Fort Mill, South Carolina, and it operates as Daimler Trucks North America LLC. 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). If the corresponding regulatory framework conditions are set, the Company can build upon existing diesel engine platforms and provide this technology quickly. EBIT (earnings before interest and taxes) provides information about the profitability of a company and its segments. 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. Thus, the transformation requires a transition phase in which the diesel engine still plays a central role. 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. 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). 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. 2023 Mercedes-Benz Group AG. Power to drive, comprising the propulsion system, and intelligence to drive, focusing on electronics and software. 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. Daimler Truck Capital Market Day 2023 | Daimler 1977- Freightliner launches an independent network of dealerships and ends its agreement with White Motor Corporation. (1) Non-U.S. based parent company that owns subsidiaries headquartered in U.S. (2) Company still exists but is no longer in the automotive manufacturing business, This page was last edited on 13 June 2023, at 23:18. Be a part of a world-class team who keep the . Active portfolio management and the stronger focus on return on capital steering approach support Daimler Truck to pivot towards the high-margin heavy-duty segment. 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%). Contact:Jrg Howe, +49 160 8698000, joerg.howe@daimlertruck.comThomas Hvermann, + 49 176 30984119, thomas.hoevermann@daimlertruck.comMaximilian Splittgerber, +49 160 8607124, maximilian.splittgerber@daimlertruck.comPaul Mandaiker, +49 176 30999267, paul.mandaiker@daimlertruck.com, Further information on Daimler Truck is available at:media.daimlertruck.com and daimlertruck.com. We employ about 100,000 people at more than 40 locations in North America, Europe, Asia and Latin America and numerous sales and . Daimler Trucks technology-openness enables to create value for all customer use cases. of Energy research program. 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. December 2022 . Starting already in 2024, Daimler Truck plans to roll out numerous next level software features such as further improved active safety functionalities, next level connectivity for fleet owner data access, predictive maintenance, and advanced over-the-air-updates. Strong momentum and increase of guidance for 2023 to 8.5-10% adjusted ROS. Language links are at the top of the page across from the title. 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. The Freightliner New Cascadia is the flagship in the long-distance haulage segment. Are you sure you want to delete this Document? The main topics are the guidance increase for 2023, the confirmation of 2025 ambitions, an enhanced capital allocation policy, and the path towards 2030, transforming the Company for sustainable growth. Daimler Truck North America, LLC headquartered in Portland, Oregon, is the leading heavy-duty truck manufacturer in North America. 2004- Freightliner opens its high-tech wind tunnel center in. Fasanenweg 10 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. We are increasing our guidance for 2023. coaches and bus chassis. Daimler Trucks North America provides Truck Equipment Manufacturers (TEMs) with access to a variety of applications and resources that assist with truck spec and product support. The founders of Daimler Truck have invented the modern transportation industry with their trucks and buses a good 125 years ago. In addition to the sale of new and used commercial vehicles, the Company also offers aftersales services and connectivity solutions. Are you sure you want to delete this Document? Cash Flow: The cash flow provides information about the financial strength of a company and is determined as the difference between cash inflow (e.g. 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. HRB 762873Umsatzsteueridentifikationsnummer: DE 32 12 81 763, Commercial Register Stuttgart, No. Fundamental to Daimler Truck's financial ambitions is a technology strategy that focuses on highly differentiating products and scalable technologies which are developed once and deployed multiple times. Daimler Buses (DB) with the Mercedes-Benz and Setra bus brands. The vocational segment portfolio includes a wide range of customizable vehicles for numerous applications. Elite Support | Freightliner Trucks 2016- Daimler Trucks North America opens its new LEED Platinum headquarters on its campus in Portland, Oregon. Daimler Trucks North America (DTNA) was built on a challenge as relevant today as it was when the company was founded more than 70 years ago: build a better vehicle. The main drivers are stronger core markets accompanied by an improving supply chain situation, robust pricing and a strong development of the services business. Cision Distribution 888-776-0942 DTNAConnect - Daimler Trucks North America from the payment for vehicles sold) and cash outflow (e.g. Freightliner Dealers | Freightliner Dealer Locator Utilize our Freightliner Dealer Locator to find a Freightliner dealer near you for sales, services, parts and more. Today we are one of the world's largest commercial vehicle manufacturers. Daimler Truck - the Commercial Vehicle Pioneers. Wir sind einer der weltweit grten Nutzfahrzeug-Hersteller, mit ber 40 Produktionssttten rund um den Globus und mehr als 100.000 Mitarbeiterinnen und Mitarbeitern. We are firmly on track to deliver on our 2025 ambitions. 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 ( OTCPK:DTRUY) raised revenue guidance to between 56B and 58B from a prior range of 55B to 57B. That is obviously highly dependent on energy prices and varies from segment to segment and region to region. 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. Both technology fields are designed as global platforms with the goal of maximum commonality to scale them across the companys portfolio across all brands and regions. 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. We offer light, medium and heavy duty trucks, city and intercity buses, Martin Daum, Daimler Truck CEO, says he isn't afraid of the transition to electric vehicles. 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. 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. The words "aim", "ambition", "anticipate," "assume," "believe," "estimate," "expect," "intend," "may," "can," "could," "plan," "project," "should" and similar expressions are used to identify forward-looking statements. Saltillo, Mexico plant opens. 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. This document contains forward-looking statements that reflect our current views about future events. As a relative figure, it shows how profitable a company is and is often used in comparison to other companies in the same industry. 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). Freightliner Dealers | Freightliner Dealer Locator Alle Rechte vorbehalten. Learn how and when to remove these template messages, Learn how and when to remove this template message, "Daimler's truck division spun off from parent company", "Debut of diesel engines in tractors and trucks", "Western Star Rolls Into MATS with a Sneak Peak at Optimus Prime", "Freightliner Custom Chassis Corp. Debuts UltraSteer Line of Fully Integrated Tag Axles at RVIA", "Daimler's SuperTruck Program Exceeds Goals", "New Driver Training Videos Available for Detroit Assurance and integrated Detroit Powertrain", "Freightliner Inspiration Truck Unveiled at Hoover Dam", "Daimler Trucks North America Opens New Corporate Headquarters", "Thomas Built Buses Announces Saf-T-Liner C2 CNG Launch", Daimler Truck North America official website, Federal Motor Carrier Safety Administration, National Motor Freight Traffic Association, Glossary of the American trucking industry, Toyota Motor Engineering & Manufacturing North America, List of automobiles manufactured in the United States, National Highway Traffic Safety Administration, https://en.wikipedia.org/w/index.php?title=Daimler_Truck_North_America&oldid=1160017370, Vehicle manufacturing companies established in 2008, American subsidiaries of foreign companies, Articles lacking reliable references from October 2018, Articles needing additional references from June 2014, All articles needing additional references, Articles with multiple maintenance issues, Creative Commons Attribution-ShareAlike License 4.0, 2008 (as Daimler Trucks North America LLC). After a strong first quarter in 2023 and an increase in unit sales in Q2, Daimler Truck continues to see a positive momentum for the remaining financial year. Freightliner Trucks is a Daimler Truck North America brand with production locations in the United States and Mexico.