Daimler Truck Holding AG

DTG

DE000DTR0CK8

Heavy Machinery & Vehicles

Real-time Estimate Tradegate Other stock markets 03:38:07 2024-09-06 am EDT			5-day change	1st Jan Change
31.34 ^EUR	-1.43%		-9.43%	-7.73%

Sep. 05	Such a long wait
Sep. 05	New Daimler CEO takes office in difficult market situation	RE

New CEO must adapt Daimler Truck to weaker market, chairman says

September 05, 2024 at 06:59 am EDT

STUTTGART (Reuters) - Daimler Truck expects a further slowdown in demand for commercial vehicles and its new CEO must take measures to adjust for that, the German company's Chairman Joe Kaeser said on Thursday.

"Our profitability is not yet where competitors are, that has to change in the medium to long term", Kaeser told a press conference after Karin Radstrom was announced as the company's next CEO late on Wednesday.

(Reporting by Ilona Wissenbach Writing by Andrey Sychev; Editing by Mark Potter)

Stocks mentioned in the article

Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
VOLKSWAGEN AG	94.82 EUR	-0.21%	-1.37%	54.78B
MERCEDES-BENZ GROUP AG	60.04 EUR	+0.25%	-3.75%	63.91B
DAIMLER TRUCK HOLDING AG	31.79 EUR	+0.28%	-7.99%	27.95B

Latest news about Daimler Truck Holding AG

Such a long wait	Sep. 05
New Daimler CEO takes office in difficult market situation	Sep. 05	RE
Aeva Technologies to Showcase High-Performance 4D LiDAR Technology for Commercial Vehicles at IAA Transportation 2024	Sep. 05	CI
New CEO must adapt Daimler Truck to weaker market, chairman says	Sep. 05	RE
DAIMLER TRUCK : Bernstein remains its Buy rating	Sep. 05	ZD
Dax likely to start lower	Sep. 05	RE
Daimler Truck Chair to Resign in September, Successor Appointed	Sep. 05	MT
Daimler Truck appoints board member Karin Radstrom as new CEO	Sep. 04	RE
Daimler Truck Taps Karin Radstrom to Replace Martin Daum as Chair	Sep. 04	DJ
Daimler Truck Holding AG Announces Management Changes	Sep. 04	CI
DAIMLER TRUCK : Jefferies gives a Buy rating	Sep. 03	ZD
DAIMLER TRUCK : RBC reaffirms its Buy rating	Sep. 03	ZD
HSBC Upgrades Daimler Truck to Buy, Trims PT	Aug. 30	MT
Frankfurt shares close: Dax takes a step towards record level	Aug. 27	DP
Goldman Sachs burdens Daimler Truck and Traton with study	Aug. 27	DP
Goldman downgrades Daimler Truck to 'Neutral' and target price to 39 euros	Aug. 27	DP
DAIMLER TRUCK : Goldman Sachs lowers his opinion and switches to Neutral	Aug. 27	ZD
DAIMLER TRUCK : Jefferies reiterates its Buy rating	Aug. 22	ZD
DAIMLER TRUCK : Jefferies remains its Buy rating	Aug. 20	ZD
DAIMLER TRUCK : Buy rating from Jefferies	Aug. 14	ZD
DAIMLER TRUCK : RBC maintains a Buy rating	Aug. 06	ZD
Declaration of Voting Results by Linde plc	Aug. 02	CI
DAIMLER TRUCK : Deutsche Bank remains its Buy rating	Aug. 02	ZD
DAIMLER TRUCK : Warburg Research reiterates its Buy rating	Aug. 02	ZD
DAIMLER TRUCK : Jefferies reiterates its Buy rating	Aug. 01	ZD

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Company Profile

Daimler Truck Holding AG is specialized in designing, manufacturing and marketing trucks and buses. The business activity is structured around 4 areas: - medium and heavy truck sales: Mercedes-Benz, Fuso, Freightliner, Western Star and BharatBenz brands; - bus and coach sales: Thomas Built, Fuso, BharatBenz, Mercedes-Benz and Setra brands; - bus chassis sales: Thomas Built and Mercedes-Benz brands. - financial services: financing, leasing, insurance brokerage, etc. In addition, the group owns 50% of BFDA, a company specialized in manufacturing trucks under the Auman brand. Net sales are distributed geographically as follows: Germany (12.2%), Europe (20.7%), the United States (35.9%), North America (8.2%), Japan (6.1%), Asia (6.7%), Latin America (6.3%) and other (3.9%).

Employees

104,124

Sector

Heavy Machinery & Vehicles

Calendar

2024-11-07 - Q3 2024 Earnings Release

Related indices

STOXX Europe 600 Index (EUR) , DAX

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