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7/23/2014 9:00:00 AM Write a Letter to the Editor Write a letter to the Editor

Daimler’s Revenue Rises in 2Q, Income Drops

John Sommers II for Transport Topics

German truck and auto maker Daimler AG reported a 6% increase in second-quarter revenue, but net profit declined after a large gain last year from the sale of its stake in Airbus’s parent company.

Net earnings declined to 2.2 billion euros ($3 billion) from 4.58 billion a year earlier. Revenue increased to 31.54 billion euros ($42.49 billion).

“We’re growing, and what’s more, we’re growing profitably” Daimler CEO Dieter Zetsche said.

Revenue in the truck segment was little changed at 7.97 billion euro ($10.74 billion). Daimler Trucks had a profit of 455 million euro ($612 million), a 5% increase.

Truck sales in the United States, Canada and Mexico increased 18% to 41,100, and market share in Classes 6-8 was 36%. “We were thus able to clearly defend our market leadership once again,” Daimler said in a statement about sales in the region.

Daimler sells the Freightliner and Western Star truck brands in North America, as well as the Detroit brand of diesel engines, transmissions and axles.

By Transport Topics

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