Daimler

Daimler Truck, now separate from the Mercedes-Benz Cars and Vans operation, said preliminary results for Q3 2022 were “above expectations” and it had updated full year guidance. “The significant increase in unit sales in combination with good price realisation and a strong aftersales business resulted in the adjusted EBIT and adjusted return on sales being significantly above market expectations for the third quarter,” the…

Officials at the deal signing Daimler Truck and Gehring Technologies have signed a “strategic partnership agreement” for the development of commercial vehicle specific electric motors. In a statement, the automaker said the agreement had been signed with a focus on “building up expertise in process development and prototype construction of commercial vehicle specific (‘truck-e-fied’) electric motors and…

A 1955 Ferrari 410 Sport Spider sold for $22 million Saturday at an RM Sotheby’s auction in Monterey, Calif., as collectors race to buy cars priced like Picassos.The cherry-red race car was the closely watched star of Monterey Car Week, a series of nearly $500 million in glitzy car auctions that coincide with a car competition known as the Pebble Beach Concours d’Elegance. Collectively, the weekend serves as the equivalent of the Kentucky Derby for car aficionados, with events running through Sunday. The sale comes as…

Daimler Truck Group boosted second quarter 2022 adjusted EBIT 15% year on year to EUR1,010 million (Q2 2021: EUR878 million). For the “industrial business”, EBIT adjusted of RUR940 million was 16% higher (EUR810 million). Adjusted return on sales dipped to 8% from 8.1%. “Despite ongoing supply chain constraints and headwinds from raw material prices, continued profitable growth path in Q2, increasing unit sales, revenue…

eEconic is second Mercedes electric truck after eActros to go into production at Woerth Daimler Truck is starting volume production of the Mercedes-Benz eEconic for municipal use at Woerth site in the southern Rhineland. The second battery-electric truck model follows series launch of the eActros for urban distribution transport in October 2021. The eEconic – ideal for urban waste disposal used was…

Daimler South East Asia and Blockchain Association Singapore (BAS) have officially launched a data platform that they say will offer businesses the tools to tap and monetise their data. The partnership will look to push adoption of the blockchain-powered platform across sectors. Both companies would collaborate on relevant blockchain initiatives and work with existing as well as potential businesses within the BAS community, the partners said in a joint statement Wednesday. Called Acentrik, the data marketplace was first…

Samsung and LG are going to participate in the CES 2022 offline event, which will be held in Las Vegas early next year. Two companies previously participated online in this year due to COVID-19, however, they will showcase their own booths to display their cutting-edge technologies next year.Samsung and LG announced on the 16the that they are going to participate in CES 2022 from January 5th to 8th next year. Samsung Electronics and LG Electronics will participate in CES'' offline event after 2 years since 2019.The…

The White House is pressing automakers, chip companies, and others to cooperate in a bid for more information about the ongoing semiconductor crisis that has forced cuts to US auto production, but made clear on Thursday that the industry needs to take the lead to solve the problem.Secretary of Commerce Gina Raimondo, who along with Brian Deese, director of the National Economic Council, met on Thursday with semiconductor industry participants, told Reuters that strong action was needed to address the chip shortage."It's…

Mercedes-Benz GenH2 Truck Prototyp Mercedes-Benz GenH2 Truck prototype Since last year, a Mercedes-Benz GenH2 Truck fuel-cell prototype has been undergoing intensive testing on the in-house test track and on public roads. Daimler Truck is now putting another prototype into operation to test the use of liquid hydrogen. A newly installed prototype filling station at the development and testing centre in…

Supply chain disruptions are still rippling across the globe, and the head of the world's largest truckmaker has warned that shortages of parts are slowing the production of thousands of its vehicles.Daimler Truck CEO Martin Daum told CNBC Wednesday that the current supply chain squeeze is among the worst he's seen in his more than 25-year career, resulting in major bottlenecks across the company's suite of brands."We are facing enormous pressure on the supply chain," said Daum, whose trucks are used for other vital…