Daimler Truck

Daimler Truck Holding AG
Company typePublic
FWB: DTG
DAX component
ISINDE000DTR0CK8
IndustryAutomotive
PredecessorDaimler AG's heavy commercial vehicle operations
Founded1 November 2019; 5 years ago (2019-11-01)
Stuttgart, Germany
HeadquartersLeinfelden-Echterdingen, Germany
Area served
Worldwide
Key people
Martin Daum (Chairman)
Products
BrandsMercedes-Benz
ServicesFinancial
Revenue55,890,000,000 Euro (2023) Edit this on Wikidata
5,184,000,000 Euro (2023) Edit this on Wikidata
3,775,000,000 Euro (2023) Edit this on Wikidata
Total assets71,212,000,000 Euro (2023) Edit this on Wikidata
Owners
Number of employees
104,416 (2023) Edit this on Wikidata
Subsidiaries
Websitewww.daimlertruck.com Edit this at Wikidata

Daimler Truck AG (holding company legal name Daimler Truck Holding AG) is the world's largest commercial vehicle manufacturer, with over 35 main locations worldwide and approximately 100,000 employees.[2] Daimler Truck AG is headquartered in Leinfelden-Echterdingen, Germany. It was a part of Daimler AG from November 2019 to December 2021.[1]

History

The Daimler Truck and Daimler Buses divisions include the eight vehicle brands BharatBenz, Freightliner, FUSO, Mercedes-Benz, RIZON, Setra, Thomas Built Buses and Western Star. Daimler Truck is the global market leader in the medium and heavy-duty truck segment with a gross vehicle weight of over 6 tons. In 2019, around 489,000 vehicles were delivered in this segment.[3] Financial and mobility services are offered via the Daimler Truck Financial Services division.[4]

Daimler Truck was established in 2019 as a subsidiary of Daimler AG. In February 2021, Daimler announced its planned to spin off Daimler Truck into a separate listed company.[5][6] The spin-off was approved by its shareholders on 1 October 2021.[7] Following this, Daimler Truck Holding AG was incorporated to manage assets owned by Daimler Truck AG, and Daimler AG retained 35% of shares in the new company, with 5% being transferred to its pension trust.[8] A separate website for the Daimler Truck company was launched on December 1,[9] and the company went public on 10 December.[10]

Mercedes-Benz eActros 600, Daimler's current flagship model truck for the European market

Brands

  • Mercedes-Benz - light, medium and heavy trucks, buses
  • Freightliner - medium and heavy trucks, vans
  • Western Star - heavy trucks
  • Fuso - light, medium and heavy trucks, buses
  • Thomas Built Buses - school buses
  • Setra - buses
  • BharatBenz - medium and heavy trucks, buses (brand in India)
  • Detroit Diesel - medium and heavy-duty powertrain
  • TruckStore - used vehicles, financing, leasing, rental, warranty and service contracts, and buyback
  • Fleetboard - telematics and connectivity
  • Rizon - electric medium-duty trucks

Finances

Of the Daimler Group's total workforce of 298,683 at the end of 2018 (2017: 289,321), 82,953 (2016: 79,483) worked at the Daimler Trucks division, of which 30,447 (2017: 30,424) were employed in Germany and 16,647 in the U.S. (2017: 15,002). In 2019, revenue amounted to €40.2 billion at Daimler Trucks and €4.7 billion at Daimler Buses.[11] Daimler Buses is a leading brand in its core markets of Europe, Mexico, Brazil, and Argentina, selling 30,888 vehicles worldwide in 2019.[12]

In 2018, the most important sales market was the NAFTA countries with 37% followed by Asia with 32%, Western Europe (EU plus Norway and Switzerland) with 17%, and Latin America (excluding the NAFTA country of Mexico) with 7%.[13]

Locations

Daimler Truck has a worldwide network of production plants and research centers. The following list is a description of all locations worldwide that include a Daimler Truck plant, including plants for the subsidiaries EvoBus, Daimler Trucks North America, Detroit Diesel, Freightliner Trucks, and Mitsubishi Fuso Truck and Bus Corporation.[14]

City Country Purpose Employees[a] Plant area
Aikawa Japan Production of transmission parts 267 —
Aksaray Turkey Atego, Axor, Actros & Unimog
Research and development		 1,737 560,000 m2 (6,000,000 sq ft)
Atlantis South Africa Foundry 842 940,000 m2 (10,100,000 sq ft)
Beijing China Auman trucks (assembly)
Four-cylinder engines (production & assembly), six-cylinder engines (assembly)		 8,878 229,862 m2 (2,474,210 sq ft)
Bangalore India Daimler Truck Innovation Center India[15] 1400 N/A
Berlin Germany Various engines, components, transmission parts and fuel systems 2,538 501,502 m2 (5,398,120 sq ft)
Chennai India Trucks (LDT, MDT, HDT) under BharatBenz, Mercedes-Benz and Fuso brands
Buses under BharatBenz		 2,540 1,600,000 m2 (17,000,000 sq ft)
Cikarang, Bekasi Indonesia Axor, Buses — 146,000 m2 (1,570,000 sq ft)
Cleveland, North Carolina USA Class 8 truck models (Freightliner Cascadia / Western Star 47X, 49X and 57X. 1,837 —
Detroit, Michigan USA Detroit Diesel Engines, transmissions, axle, electric axle, and battery assembly 2,164 —
Dortmund Germany Transit-, interurban-, and mobility buses and coaches 268 —
East London South Africa Mercedes trucks & buses, Fuso trucks 2,743 603,600 m2 (6,497,000 sq ft)
Ebina Japan Fuso trucks, various bodies
Chassis development		 430 83,000 m2 (890,000 sq ft)
Funza Colombia Chassis for buses 542 11,000 m2 (120,000 sq ft)
Gaffney, South Carolina USA Chassis for school buses, shuttle buses, step vans and motor homes 542 —
Gaggenau Germany Manual and automatic transmissions, axles, torque converters & pressed parts 6,280 460,000 m2 (5,000,000 sq ft)
García Mexico Bus chassis assembly 4000 42,709 m2 (459,720 sq ft)[16]
Gastonia, North Carolina USA Parts production 1,262 —
Hamburg Germany Axles and axle components, steering columns, components for exhaust emission technology and lightweight structural parts 2,752 331,000 m2 (3,560,000 sq ft)
High Point, North Carolina USA School buses (assembly)
Research and development		 1,316 —
Holýšov Czech Republic Motorcoach bodyworks and bus segments 360 —
Istanbul-Hoşdere Turkey Body shop, cathodic dip painting, paint shop
Transit- and interurban buses and coaches (assembly)		 4,421 —
Juiz de Fora Brazil Accelo & Actros
(assembly)		 926 —
Kassel Germany Axles, drive shafts & other components 2,820 435,873 m2 (4,691,700 sq ft)
Kawasaki Japan Fuso head office functions
(Research and development, production of engines, axles & transmissions; LDT, MDT, HDT)		 4,670 —
Kirchheim unter Teck Germany EvoBus corporate headquarters
Sales		 120 —
Kölleda Germany Three- and four-cylinder engines 914 417,434 m2 (4,493,220 sq ft)
Ligny-en-Barrois France Transit buses & coaches
(Assembly)		 375 —
Logan Township, New Jersey USA Fuso — —
Mannheim Germany Transit-, intercity buses and coaches (Body shop, cathodic dip painting, assembly) 3,301 —
Mannheim Germany Foundry, engines (production & remanufacturing) and green technology engines) 5,113 898,654 m2 (9,673,030 sq ft)
Molsheim France Customization of special purpose trucks 527 —
Mount Holly, North Carolina USA Freightliner Business Class M2, 108SD, and 114SD assembly 1,460 —
Neu-Ulm Germany Transit- and interurban buses & coaches
(Paint shop and assembly)		 3,578 —
Portland, Oregon USA Truck assembly: Freightliner eCascadia / Western Star 47X, 49X
Research and development		 4,590 —
Sakura Japan Fuso proving ground & test track 384 —
Saltillo Mexico Freightliner Cascadia 2,972 —
Sámano-Castro Urdiales Spain Chassis 246 —
Santiago Tianguistenco Mexico Freightliner M2 106, M2 112 and Cascadia / Western Star 57X 1,610 —
São Bernardo do Campo Brazil Entire Latin American truck product range
Engines, axles, transmissions, bus chassis
Research and development		 12,788 —
Stuttgart Germany Company Headquarters
Engines, axles, transmissions & other components
Pre-commissioning foundry and forge
Research and development		 17,973 2,060,045 m2 (22,174,140 sq ft)
Toluca Mexico Refurbishing of engines, transmissions and other components — —
Toyama Japan Small, medium and large buses
Product development		 646 —
Tramagal Portugal Fuso Canter 307 39,900 m2 (429,000 sq ft)
Virrey del Pino, Buenos Aires Province Argentina Accelo, Atego, OF and OH bus chassis 407
Wörth am Rhein Germany Actros, Antos, Arocs, Axor, Atego, Econic, Unimog, Zetros 11,741 —
  1. ^ As of December 2013

References

  1. ^ a b Why did Daimler spin off the Daimler Truck business? What does spin-off mean? on DaimlerTruck
  2. ^ "Anzahl verkaufter Lastkraftwagen weltweit nach Hersteller im Jahr 2019". 2023-12-19.
  3. ^ "Trucks in Zahlen - Daimler Global Media Site". 2021-01-24. Archived from the original on 2021-01-24. Retrieved 2024-06-05.
  4. ^ AG, Daimler Truck. "Financial Services | Daimler Truck". www.daimlertruck.com (in German). Retrieved 2024-06-05.
  5. ^ Carey, Nick (3 February 2021). "Daimler to spin off truck unit, sharpen investor focus on Mercedes-Benz". Reuters. Retrieved 4 February 2021.
  6. ^ "Automaker Daimler to spin off trucks business, change name". Yahoo Finance Canada. 3 February 2021. Archived from the original on 7 February 2021. Retrieved 4 February 2021.
  7. ^ tagesschau.de. "Daimler besteht künftig aus zwei unabhängigen Teilen". tagesschau.de (in German). Retrieved 2021-10-03.
  8. ^ "Questions and answers to the spin-off Daimler Truck". DaimlerTruck.com. Retrieved 2022-01-08.
  9. ^ "Following the Split-Off: New Daimler Truck Media Site". DaimlerTruck.com. 2021-12-01. Retrieved 2022-01-08.
  10. ^ "Daimler Truck launched on stock exchange as an independent company". DaimlerTruck.com. 2021-12-10. Retrieved 2022-01-08.
  11. ^ "Daimler teilt sich auf - omnibus.news" (in German). Retrieved 2021-10-03.
  12. ^ AG, Daimler Truck. "Marken Daimler Buses | Daimler Truck AG". Daimler Truck AG (in German). Archived from the original on 2021-10-03. Retrieved 2021-10-03.
  13. ^ "Daimler Trucks: Rekordjahr 2018 mit Höchstwerten bei Absatz, Umsatz und Ertrag – Absatzplus für 2019 erwartet". marsMediaSite (in German). Retrieved 2021-10-03.
  14. ^ Baranouski, Artsiom (2023-04-07). "The Benefits&Drawbacks of Choosing Daimler Trucks for Your Business". Medium. Retrieved 2023-04-10.
  15. ^ "Bengaluru, Daimler Truck Innovation Center India Private Limited". daimlertruck.com.
  16. ^ "Mercedes-Benz – Corporativo". AutobusesMercedesBenz.com.mx. Archived from the original on 24 June 2017. Retrieved 2 June 2017.
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