Daimler

Daimler Truck North America (DTNA) and Sysco, a US foodservice distribution company, have signed a letter of intent (LOI) for the supply of “nearly 800” battery electric Freightliner eCascadia Class 8 tractors by 2026. The first delivery is expected at Sysco’s Riverside, California site later this year. Sysco operates 343 distribution facilities worldwide and aims to power more of its tractor fleet with alternative…

Mercedes-Benz eActros has a range of up to 400km Daimler Truck will become a major anchor shareholder in German high tech engineering company Manz through a capital increase of around 10 percent, subject to approval by the relevant antitrust authorities. Both companies have signed a cooperation agreement to establish a pilot line making lithium-ion battery cells and assembling batteries at Daimler Truck’s Mannheim site. Both…

Mercedes-Benz DMLRY 0.54% Group Chief Executive Ola Källenius puts the problem well: “Even though everybody knows that Mercedes is kind of the elite original luxury brand in the car industry, perhaps the stock hasn’t been viewed in that category,” he told Heard on the Street.But bridging that perception gap isn’t as easy as it might sound. At a strategy day near Monaco Thursday, Mercedes laid out a plan to change the investor mind-set. It…

Global commercial EV manufacturer Daimler Truck has made a minority investment in Apex.AI – a mobility software developer that provides a software development kit (SDK) for OEMs looking to implement complex AI and/or autonomous driving technology throughout their vehicles. Daimler Truck joins a growing list of OEMs invested in Apex.AI. Daimler Truck Holding AG ($DTG) is one of the largest commercial vehicle manufacturers in the world, operating from over 35 different locations globally. The company owns several…

Apple CEO Tim CookBrooks Kraft/Apple Inc/Handout via ReutersAn ongoing shortage of chips and other basic materials is forcing some of the world's biggest tech and automotive companies to scale back their targets this year.Apple CEO Tim Cook warned Thursday that the company was "not immune" to supply chain challenges, noting that the iPad business had "very significant supply constraints" during the most recent quarter. The iPhone maker's chief financial officer, Luca Maestri, said there are several challenges that need to…