Daimler AG News Updates

An Alabama state jury has issued a $160 million verdict against DTNA in a product liability case involving a driver who became quadriplegic after a 2022 rollover accident.

HANOVER, Germany — Daimler Truck leaders are calling on governments to help advance the buildout of EV charging infrastructure, saying it is the missing piece for fleets to adopt the technology.

The German truck manufacturer posted a net profit of $860 million, or $1.01 per share, for the three months ending June 30.

Daimler Truck Holding AG lowered its outlook for 2024, following other truck makers that have trimmed forecasts on softening sales as demand in Europe and Asia weakens.

Daimler Truck’s battery-electric vehicle ambitions took another step forward as the world’s largest truck maker opened a center devoted to developing battery expertise in Germany.

Construction of Amplify Cell Technologies’ battery cell manufacturing plant in Marshall County, Miss., has begun, the joint venture among Accelera, Daimler Trucks and Paccar said.

Cellcentric began pilot production of hydrogen fuel cells June 20 at its Esslingen plant in Germany, the joint venture between Daimler Truck and Volvo Group said.

Kel Kearns is slated to be the CEO at the commercial vehicle battery cell manufacturing joint venture set up by Accelera by Cummins, Daimler Trucks & Buses U.S. Holding and Paccar Inc.

Daimler Truck profits rose year-over-year in Q1 2024, with executives and analysts more optimistic about the company’s North American business than its European operations.

The world’s biggest commercial vehicle maker warned that slow progress adding charging infrastructure is threatening the shift to zero-emission trucking.