Latest news with #DaimlerTruckAG
Yahoo
3 days ago
- Automotive
- Yahoo
Daimler Truck looks to the Old World for its new zero-emission trucks
Daimler Truck AG, the world's largest commercial truck maker, recently announced at its Capital Market Day an ambitious growth strategy called 'Stronger 2030,' which includes growth plans for the company's zero-emission vehicle (ZEV) footprint in Europe. The European pivot for ZEVs came as executives talked about the more favorable regulatory environment and incentives compared with the U.S. The pivot doesn't come without a cost. As part of a Costs Down Europe strategy, the company announced a headcount reduction of around 5,000 in Germany that includes a combination of material costs, research and development, operations and sales. These cuts are part of a €1 billion cost savings goal by 2030. This is the largest and most holistic efficiency program ever, according to the company. For Mercedes-Benz Trucks, maker of the electric eActros 600 cabover, the focus is on turning potential into profit following strong results in 2023 and recent news of Amazon Europe making purchases of the ZEV. The company hopes to grow its unit sales of its zero-emission vehicles in Europe to 25,000 units by 2030. Across the Atlantic, Daimler Truck North America (DTNA) continues to be a core profit driver within the larger Daimler Truck Group. DTNA has an electric Class 8 via its Freightliner eCascadia, but its diesel Cascadia remains the dominant player in the Class 8 truck space with an approximately 42% market share. Executives cited ongoing uncertainty over electric vehicle (EV) and ZEV incentives and recent regulatory rollbacks in the U.S. market as reasons behind the European ZEV pivot. Questions still remain over the status of California Air Resources Board rulemaking and clarity on what direction the Environmental Protection Agency wants to go. NOx emissions limits remain another topic under consideration. For a large truck maker, there isn't a dial one can turn to adjust NOx limits; the engines and NOx filtration systems are planned years in advance. Additionally, lack of EV charging infrastructure remains a headwind. Daimler notes that it has seen EV progress in markets like Denmark and Germany, where total cost of ownership paired with shorter distances is making EV trucks attractive compared with the North American market, where longer distances prevail. Outrider builds industry-first safety system for driverless yard operations The autonomous yard truck turf war in the trailer yard is heating up with Outrider recently announcing it has developed the industry's first safety system designed specifically for driverless movement in mixed traffic trailer yards. Outrider is a technology developer of autonomous yard operations for logistics hubs. The company's proprietary functional safety approach recently received validation from TÜV SÜD, a globally recognized independent testing and certification organization, determining it aligns with its AV Conformity Framework requirements. 'Outrider pioneered the yard automation space with the goal of making autonomous yard operations inherently safer than present-day operations, and we have prioritized the safety system from day one,' said Andrew Smith, founder and CEO of Outrider. 'It is not hard to create a driverless demonstration. It is a major technical undertaking to design an 80,000-pound robot that operates among over-the-road trucks, delivery trucks and warehouse personnel.' Smith spoke with FreightWaves about the milestone, noting that the company has been operating with both human drivers and safety observers for several years. According to Smith, the company has completed hundreds of thousands of fully autonomous trailer moves within its customers' fleets. Read the full article here. You're halfway there! To read the rest of the Truck Tech newsletter, subscribe below. It'll be delivered to your inbox every Friday at 11am eastern. While you're at it, check out this week's episode. The post Daimler Truck looks to the Old World for its new zero-emission trucks appeared first on FreightWaves. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
DW
08-07-2025
- Automotive
- DW
Daimler Truck to cut 5,000 jobs in Germany by 2030 – DW – 07/08/2025
Germany's Daimler Truck group says it will slash 5,000 jobs as part of a big savings plan. The company is seeking to trim costs as sales decline, with particularly poor results in the key US market. Commercial vehicle manufacturer Daimler Truck on Tuesday announced that it plans to cut around 5,000 jobs in Germany by 2030. The development comes just a day after Daimler Truck reported a 5% drop in second-quarter sales, with results especially weak in its critical US market. The company said recent business figures showed its Mercedes-Benz Trucks need to become more market resilient. The cost-cutting program, named "Cost Down Europe," is intended to get the European business back on track and improve profitability. Its aim is save up to more than €1 billion in total annual savings by 2030. A day ahead of the announcement, sales fell for a second quarter — to 106,715 trucks and buses compared with 112,195 units last year. The DAX-listed company reached an agreement in May with the central works council on key points for its German truck sites. This includes a socially responsible workforce reduction and a commitment to avoid compulsory redundancies until the end of 2034. The company plans to cut recurring costs by more than one billion euros by 2030, targeting personnel, materials, administration, IT infrastructure, and research and development expenses. To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video A spokesperson said most jobs would be cut through natural attrition and early retirement, though targeted severance programs are also possible. The cuts will affect the truck division's Stuttgart hub, which employed around 28,000 people at the end of 2024. Daimler Truck has about 35,500 employees in Germany overall with five sites in Germany: Gaggenau, Kassel, Mannheim, Stuttgart, and Wörth — the latter being Europe's largest truck assembly plant. Daimler Truck AG was split off from the former Daimler AG in 2021. After the spin-off, Daimler Truck kept the Mercedes-Benz Trucks brand for its heavy and medium-duty trucks in Europe and other markets.
The Hindu
02-07-2025
- Automotive
- The Hindu
Daimler India unveils trucks for construction, mining applications
With India's mining and construction equipment sector projected to expand from $16 billion to $45 billion by 2030 to achieve the desired level of economic growth, Daimler India Commercial Vehicles (DICV), a wholly owned subsidiary of Daimler Truck AG, on Wednesday unveiled a range of BharatBenz trucks for construction and mining applications. The new range, comprising the HX series for construction and Torqshift for mining, are heavy-duty trucks priced from ₹58 lakh ex-showroom. 'The introduction of HX and Torqshift follows extensive real-world validation, with more than 150 trucks deployed in customer trials across India's most demanding construction and mining sites,' the company, which has more than 50% market share in the construction and mining trucks segment, said. 'These trials demonstrated significant improvements in uptime, operational efficiency, and profitability, leading directly to full-scale production,' it said. Satyakam Arya, Managing Director and CEO, Daimler India Commercial Vehicles, said, 'India's construction and mining sector continues to be one of our strongest business pillars, powering the next phase of national development.' 'We are seeing a decisive shift as large contractors invest in owned assets for better control and long-term returns. Many fleets are 8-10 years old and reaching the end-of-life, creating a major replacement cycle,' he said. 'Our extensive customer trials with over 150 trucks have validated the real-world performance and profitability impact these vehicles deliver,' he added. Pradeep Kumar Thimmaiyan, president and chief technology officer, Daimler India Commercial Vehicles, said, 'We designed the HX by listening to customers. Priority for vehicles with higher payload capacities, faster turn around time and fleet managers demanding lower maintenance costs.' 'Every component re-design addresses real customer challenges. We have prioritised driver safety with full EU ECE R29-03 cabin compliance and best-in-class safety features,' he added. (The writer was in Chennai at the invitation of the company)
Time of India
02-07-2025
- Automotive
- Time of India
DICV rolls out construction & mining range
Chennai: Daimler India Commercial Vehicles (DICV), wholly owned subsidiary of Daimler Truck AG, has launched its BharatBenz construction and mining range of heavy duty trucks consisting of the HX and Torqshift series models. Already the company has seeded around 200 trucks in the last six months as part of customer trials. Said Satyakam Arya, MD & CEO, Daimler India Commercial Vehicles, "India's construction and mining sector continues to be one of our strongest business pillars. Many fleets are 8 to 10 years old and are reaching their end-of-life, creating a major replacement cycle." The new range, he added, has helped reduce the total cost of ownership (TCO) by 15% to 20%. DICV, he added, has redesigned critical components like axles and suspension systems, increased horsepower by 40 HP, ensured bearings for life among other changes. The new range of trucks will also be exported. "We are doing feasibility studies market by market and over the nexr six to nine months we will decide on which markets will be a right fit," he added. Already Indonesia is a promising market, he said. The truck industry has been a little subdued so far this fiscal but from September onwards there should be better growth. "We see the industry clocking upto 5% growth this financial year but in the mid to long term the replacement cycle will kick in so growth will increase," he said. You Can Also Check: Chennai AQI | Weather in Chennai | Bank Holidays in Chennai | Public Holidays in Chennai
Time of India
02-07-2025
- Automotive
- Time of India
Daimler India rolls out BharatBenz range for mining, construction
(You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel Chennai: Daimler India Commercial Vehicles , a subsidiary of German truck maker Daimler Truck AG , rolled out a new range of vehicles in the construction and mining segment, a top official said on company launched the ' BharatBenz ' brand trucks-comprising the "HX" and "TorqShift" series-at its factory in Oragadam , about 45 km from move comes amid projections that the domestic mining and construction equipment sector will grow from USD 16 billion to USD 45 billion by 2030, Daimler India Commercial Vehicles Managing Director and CEO Satyakam Arya said."These trials demonstrated significant improvements in uptime, operational efficiency, and profitability, leading directly to full-scale production," Arya told of the formal launch, Daimler India conducted trials with nearly 200 of these trucks at construction and mining sites across the country over the past six months, he added.
