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 Daimler Truck AG facilities | |
| Company type | Public |
|---|---|
| Traded as | FWB: DTG DAX component |
| ISIN | DE000DTR0CK8 |
| Industry | Automotive |
| Predecessor | Daimler AG's heavy commercial vehicle operations |
| Founded | 1 November 2019; 5 years ago (2019-11-01) Stuttgart, Germany |
| Headquarters | Leinfelden-Echterdingen, Germany |
| Area served | Worldwide |
| Key people | Martin Daum (Chairman) |
| Products | |
| Brands | Mercedes-Benz |
| Services | Financial |
| Revenue | 55,890,000,000 Euro (2023)  |
| Operating income | 5,184,000,000 Euro (2023) |
| Net income | 3,775,000,000 Euro (2023) |
| Total assets | 71,212,000,000 Euro (2023) |
| Owners |
|
| Number of employees | 104,416 (2023) |
| Subsidiaries | |
| Website | www |
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. Daimler Truck AG is headquartered in Leinfelden-Echterdingen, Germany. It was a part of Daimler AG from November 2019 to December 2021.
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. Financial and mobility services are offered via the Daimler Truck Financial Services division.
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. The spin-off was approved by its shareholders on 1 October 2021. 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. A separate website for the Daimler Truck company was launched on December 1, and the company went public on 10 December.
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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. Daimler Buses is a leading brand in its core markets of Europe, Mexico, Brazil, and Argentina, selling 30,888 vehicles worldwide in 2019.
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%.
Locations
 | This section needs to be updated. Please help update this article to reflect recent events or newly available information. (September 2021) |
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.
| City | Country | Purpose | Employees | Plant area |
|---|---|---|---|---|
| Aikawa | Japan | Production of transmission parts | 267 | — |
| Aksaray | Turkey | Atego, Axor, Actros & Unimog Research and development |
1,737 | 560,000 m (6,000,000 sq ft) |
| Atlantis | South Africa | Foundry | 842 | 940,000 m (10,100,000 sq ft) |
| Beijing | China | Auman trucks (assembly) Four-cylinder engines (production & assembly), six-cylinder engines (assembly) |
8,878 | 229,862 m (2,474,210 sq ft) |
| Bangalore | India | Daimler Truck Innovation Center India | 1400 | N/A |
| Berlin | Germany | Various engines, components, transmission parts and fuel systems | 2,538 | 501,502 m (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 m (17,000,000 sq ft) |
| Cikarang, Bekasi | Indonesia | Axor, Buses | — | 146,000 m (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 m (6,497,000 sq ft) |
| Ebina | Japan | Fuso trucks, various bodies Chassis development |
430 | 83,000 m (890,000 sq ft) |
| Funza | Colombia | Chassis for buses | 542 | 11,000 m (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 m (5,000,000 sq ft) |
| García | Mexico | Bus chassis assembly | 4000 | 42,709 m (459,720 sq ft) |
| 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 m (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 m (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 m (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 m (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 m (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 m (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 | — |
- As of December 2013
References
- ^ Why did Daimler spin off the Daimler Truck business? What does spin-off mean? on DaimlerTruck
- "Anzahl verkaufter Lastkraftwagen weltweit nach Hersteller im Jahr 2019". 2023-12-19.
- "Trucks in Zahlen - Daimler Global Media Site". 2021-01-24. Archived from the original on 2021-01-24. Retrieved 2024-06-05.
- AG, Daimler Truck. "Financial Services | Daimler Truck". www.daimlertruck.com (in German). Retrieved 2024-06-05.
- Carey, Nick (3 February 2021). "Daimler to spin off truck unit, sharpen investor focus on Mercedes-Benz". Reuters. Retrieved 4 February 2021.
- "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.
- tagesschau.de. "Daimler besteht künftig aus zwei unabhängigen Teilen". tagesschau.de (in German). Retrieved 2021-10-03.
- "Questions and answers to the spin-off Daimler Truck". DaimlerTruck.com. Retrieved 2022-01-08.
- "Following the Split-Off: New Daimler Truck Media Site". DaimlerTruck.com. 2021-12-01. Retrieved 2022-01-08.
- "Daimler Truck launched on stock exchange as an independent company". DaimlerTruck.com. 2021-12-10. Retrieved 2022-01-08.
- "Daimler teilt sich auf - omnibus.news" (in German). Retrieved 2021-10-03.
- 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.
- "Daimler Trucks: Rekordjahr 2018 mit Höchstwerten bei Absatz, Umsatz und Ertrag – Absatzplus für 2019 erwartet". marsMediaSite (in German). Retrieved 2021-10-03.
- Baranouski, Artsiom (2023-04-07). "The Benefits&Drawbacks of Choosing Daimler Trucks for Your Business". Medium. Retrieved 2023-04-10.
- "Bengaluru, Daimler Truck Innovation Center India Private Limited". daimlertruck.com.
- "Mercedes-Benz – Corporativo". AutobusesMercedesBenz.com.mx. Archived from the original on 24 June 2017. Retrieved 2 June 2017.
External links
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| Defunct |
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 DAX companies of Germany | |
|---|---|
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- Daimler Truck
- Bus manufacturers of Germany
- Companies listed on the Frankfurt Stock Exchange
- Companies in the DAX index
- Multinational companies headquartered in Germany
- 2019 establishments in Germany
- 2021 initial public offerings
- Companies based in Baden-Württemberg
- Automotive companies established in 2019
- Automotive companies of Germany
- Corporate spin-offs