Tag Archives: Freightliner

Penske Automotive Group Increases Dividend Again!

Penske Automotive Group, Inc. (NYSE: PAG) today announced that its Board of Directors has approved a quarterly dividend of $1.44 per share, an increase of $0.02 per share (+1.4%), bringing the annualized dividend to $5.76 per share. This represents the Company’s 23rd consecutive quarterly dividend increase. It comes as a proposal to take PAG private for $210 per share was announced.*

“Our continued dividend growth reflects the strength of our business and disciplined capital allocation strategy,” said Robert H. Kurnick, Jr., President of Penske Automotive Group. “We remain committed to creating shareholder value through a balanced strategy that includes dividends, securities repurchases, and strategic acquisitions.” The dividend is payable September 1, 2026, to shareholders of record as of 14 August 2026. Continue reading

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Penske Automotive Group Buys Transolutions Truck Centers

“We are thrilled to expand our North American presence with the Freightliner, Western Star and Thomas Built Bus brands. For more than 30 years, Transolutions Truck Centers has built a strong legacy of providing quality service to customers across Manitoba,” said Premier Truck Group President Ron Long. Continue reading

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Daimler Trucks – New Group for Highly Automated Driving

The main tasks of the new unit comprise overall strategy and implementation of the automated driving roadmap, including research and development as well as setting up the required operations infrastructure and network, heading towards the series production of highly automated trucks (SAE level 4). Continue reading

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Daimler Launches First All-Electric Truck – FUSO eCanter

FUSO eCanter has a limited range of 100 kilometers and a load capacity up to three and a half tons – depending on body and usage. The vehicle´s electric powertrain contains six high-voltage lithium ion battery packs with 420 V and 13.8 kWh each. Continue reading

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