Tag Archives: Daimler Truck

Mercedes-Benz Q1 2024 Profit Drops 25% as Sales Slump

Posted on 1 May 2024 by Ken Zino

Mercedes-Benz Group AG (MBG.DE) has reported Group Earnings Before Interest and Taxes (EBIT) of €3.9 billion (Q1 2023: €5.5 billion) a surprising drop of -25% but in line with struggles at European-based Volkswagen Group and Stellantis. Continue reading →

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Heavy Duty – Mitsubishi Fuso and Hino Motors to Merge

Posted on 30 May 2023 by Ken Zino

How this works under various anti-trust laws and regulations is unclear to AutoInformed. Details on the scope and nature of the collaboration including the name, location, shareholding ratio and corporate structure of the new holding company will be decided during the next ~18 months. The parties predict signing of definitive agreements in the first quarter of 2024. They aim to close the transaction by the end of 2024. Once all parties involved reach an agreement, they will move forward based on the approval of the relevant boards of directors, shareholders, and authorities. Continue reading →

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Ukraine – EU Truck Sectors at Immediate Risk. Others to Unfold

Posted on 28 February 2022 by Ken Zino

Putin’s war against Ukraine continues to present uncertain, but no doubt negative impacts on the global auto industry. The Medium and Heavy Truck segments throughout the European region are now clearly under extreme risk. Other collateral risks – such as the shutdown of Toyota in Japan this morning because of a cyber-attack – will only become apparent after they happen in AutoInformed’s view. Continue reading →

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Mercedes-Benz Group Posts Some Strong 2021 Results

Posted on 11 February 2022 by Ken Zino

However, the Mercedes-Benz Cars & Vans segment has exceeded the guidance range of 10-12% and now expects an adjusted Return on Sales of 12.7% in the full year. Despite the ongoing semiconductor shortages, during Q4 Mercedes-Benz Cars & Vans showed an adjusted Return on Sales of 15.0%, driven by high net pricing, good product mix and favorable used car performance. The strong profitability of the car business also translated into a solid industrial free cash flow exceeding the company guidance.

  Continue reading →

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Daimler Truck Moves Past MB Commercial Vehicles to Wörth

Posted on 26 November 2021 by Ken Zino

With Daimler splitting into two independent companies* on 1 December 2021, Daimler Truck has transferred the first batch of historic Mercedes-Benz commercial vehicles and parts of its truck and bus archive to a location in Wörth. Daimler Truck’s collection contains around 130 vehicles. About 30 were previously located in Stuttgart and the surrounding area. Continue reading →

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Shareholders Vote to Spin-off of Daimler Truck, Rename Daimler AG to Mercedes-Benz Group

Posted on 1 October 2021 by Ken Zino

About 3000 viewers followed the virtual Extraordinary General Meeting on the Internet. A bare majority of 56.45% of the share capital was represented. Continue reading →

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Mercedes-Benz Brazil Shows Electric Bus

Posted on 14 September 2021 by Ken Zino

If there is equivalent customer interest, “use outside of Latin America is also conceivable. “The eO500U is a model from the O-500 series, which is also the basis for the Mercedes-Benz Super Padron city bus. Continue reading →

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Daimler Facing Profit and Sales Declines Reorganizes

Posted on 21 February 2020 by Ken Zino

“This will have a negative impact on our earnings in 2020 and 2021. To remain successful in the future, we must therefore act now and significantly increase our financial strength.” Continue reading →

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