Daimler Truck

Daimler Truck Holding AG (Frankfurt Stock Exchange: DTG) is one of the world's largest commercial vehicle manufacturers. Founded in 2021 as a spinoff from Daimler AG, the company has over 40 production sites globally and employs more than 100,000 people. Daimler Truck offers a wide range of commercial vehicles including light, medium and heavy-duty trucks, city and intercity buses, coaches and bus chassis, as well as tailored financial services.

Daimler Truck's product portfolio includes several well-known brands:

• Freightliner and Western Star trucks in North America

• Mercedes-Benz trucks and buses primarily in Europe

• FUSO trucks and buses in Asia

• BharatBenz trucks in India

• Thomas Built Buses school buses in North America

• Setra coaches in Europe

The company also offers financial services through Daimler Truck Financial Services, providing financing, leasing, and insurance solutions for its commercial vehicle customers.

In 2023, Daimler Truck reported record financial results, with revenues reaching EUR 55.9 billion, a 10% increase from 2022. The company sold 526,053 vehicles globally in 2023, including 3,443 zero-emission trucks and buses. Daimler Truck has set ambitious targets for electrification, aiming to only sell zero-emission vehicles in its major markets by 2039. The company is investing heavily in battery-electric and fuel cell technologies, having formed joint ventures for battery cell production and hydrogen fueling infrastructure. Daimler Truck expanded its zero-emission vehicle portfolio to 10 different models across its brands. The company has also initiated a EUR 2 billion share buyback program and proposed a dividend of EUR 1.90 per share for 2023.