Daimler Truck
 | |
 Daimler Truck AG facilities | |
| Company type | Public |
|---|---|
| FWB: DTG | |
| ISIN | DE000DTR0CK8 |
| Industry | Automotive |
| Predecessor | Daimler AG's heavy commercial vehicle operations |
| Founded | 1 November 2019 Stuttgart |
| Headquarters | Leinfelden-Echterdingen, Germany |
Key people | Martin Daum (Chairman) |
| Products | |
| Brands | Mercedes-Benz |
| Services | Financial |
| Revenue | €44.9 billion (2019) |
| Owner | Mercedes-Benz Group (35%) (2019–21) [1] |
Number of employees | 100,000 (2019) |
| Subsidiaries | |
| Website | daimlertruck.com |
Daimler Truck AG (holding company legal name Daimler Truck Holding AG) is one of the world's largest commercial vehicle manufacturers, with over 35 main locations worldwide and approximately 100,000 employees. Daimler Truck AG is headquartered in Leinfelden-Echterdingen, Germany. It was part of Daimler AG from November 2019 to December 2021.[1]
History
Daimler Truck was established in 2019 as a subsidiary of Daimler AG. In February 2021, Daimler said it planned to spin off Daimler Truck into a separate listed company.[2][3] The spin-off was approved by its shareholders on 1 October 2021.[4] Following this, Daimler Truck Holding AG was incorporated to manage assets owned by Daimler Truck AG, and Daimler AG retained 35% of shares in a new company, with 5% being transferred to its pension trust.[5] A separate website of Daimler Truck company was launched on 1 December,[6] and the company went public on 10 December.[7]
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: Truck 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
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.[8] Daimler Buses is a leading brand in its core markets of Europe, Mexico, Brazil, and Argentina, selling 30,888 vehicles worldwide in 2019.[9]
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%.[10]
Locations
 | 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.
| 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 | — | — |
| Beijing | China | Auman trucks (assembly) Four-cylinder engines (production & assembly), six-cylinder engines (assembly) |
8,878 | 229,862 m2 (2,474,210 sq ft) |
| Bengaluru | India | Daimler Truck Innovation Center India[11] | 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) |
| Cleveland, North Carolina | USA | Freightliner class 8 truck models (Cascadia, Century Class S/T, Columbia, and Argosy (cab over models)). | 1,837 | — |
| Detroit, Michigan | USA | Engines, transmissions, axle 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) |
| Gaffney, South Carolina | USA | Chassis for vans, school buses, shuttle buses 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)[12] |
| 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 | — |
| Jakarta | Indonesia | Buses | — | — |
| 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 assembly | 1,460 | — |
| Neu-Ulm | Germany | Transit- and interurban buses & coaches (Paint shop and assembly) |
3,578 | — |
| Portland, Oregon | USA | Truck assembly 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 assembly (Business Class M2, FLD Series, Century Class, Columbia & Coronado) | 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) |
| Wanaherang, Gunung Putri, Bogor | Indonesia | Buses, Axor | — | — |
| Wörth am Rhein | Germany | Actros, Antos, Arocs, Axor, Atego, Econic, Unimog, Zetros | 11,741 | — |
- ^ As of December 2013
References
- ^ a b Why did Daimler spin off the Daimler Truck business? What does spin-off mean? on DaimlerTruck
- ^ 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). 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.
- ^ "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
- 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