Daimler Truck
 | |
 Daimler Truck AG facilities | |
| Company type | Public |
|---|---|
| FWB: DTG DAX component | |
| ISIN | DE000DTR0CK8 |
| Industry | Automotive |
| Predecessor | Daimler AG's heavy commercial vehicle operations |
| Founded | 1 November 2019 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)  |
| 5,184,000,000 Euro (2023) | |
| 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.[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
[edit]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]
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Brands
[edit]- 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
[edit]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
[edit] | This section needs to be updated. (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.[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 | — |
- ^ As of December 2013
References
[edit]- ^ a b 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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- 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