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 The Mercedes-Benz Group AG (previously named Daimler-Benz, DaimlerChrysler and Daimler) is a German multinational automotive corporation headquartered in Stuttgart, Baden-Württemberg, Germany. It is one of the world's leading car manufacture ...

from November 2019 to December 2021.

History

Daimler Truck was established in 2019 as a subsidiary of

. In February 2021, Daimler said it planned to spin off Daimler Truck into a separate

listed company A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange ( lis ...

. 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 a new company, with 5% being transferred to its pension trust. A separate website of Daimler Truck company was launched on 1 December, and the company went public on 10 December.

Brands

Mercedes-Benz Mercedes-Benz (), commonly referred to as Mercedes and sometimes as Benz, is a German luxury and commercial vehicle automotive brand established in 1926. Mercedes-Benz AG (a Mercedes-Benz Group subsidiary established in 2019) is headquartere ...

: 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 Thomas Built Buses, Inc. (commonly known as Thomas) is an American bus manufacturer. Best known for its production of yellow school buses, Thomas produces other bus designs for a variety of usages. Currently, its production is concentrated on s ...

: school buses *

Setra Setra is a German bus brand of EvoBus GmbH, itself a wholly owned subsidiary of Daimler Truck AG. The name "Setra" comes from "selbsttragend" (self-supporting). This refers to the integral nature of the construction of the vehicles back in th ...

: buses * BharatBenz: Truck brand in

India India, officially the Republic of India (Hindi: ), is a country in South Asia. It is the seventh-largest country by area, the second-most populous country, and the most populous democracy in the world. Bounded by the Indian Ocean on the so ...

Detroit Diesel Detroit Diesel Corporation (DDC) is an American diesel engine manufacturer headquartered in Detroit, Michigan, United States. It is a subsidiary of Daimler Truck North America, which is itself a wholly owned subsidiary of the mulitinational D ...

: 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. 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 The North American Free Trade Agreement (NAFTA ; es, Tratado de Libre Comercio de América del Norte, TLCAN; french: Accord de libre-échange nord-américain, ALÉNA) was an agreement signed by Canada, Mexico, and the United States that crea ...

countries with 37% followed by

Asia Asia (, ) is one of the world's most notable geographical regions, which is either considered a continent in its own right or a subcontinent of Eurasia, which shares the continental landmass of Afro-Eurasia with Africa. Asia covers an area ...

with 32%,

Western Europe Western Europe is the western region of Europe. The region's countries and territories vary depending on context. The concept of "the West" appeared in Europe in juxtaposition to "the East" and originally applied to the ancient Mediterranean ...

( EU plus

Norway Norway, officially the Kingdom of Norway, is a Nordic country in Northern Europe, the mainland territory of which comprises the western and northernmost portion of the Scandinavian Peninsula. The remote Arctic island of Jan Mayen and th ...

and

Switzerland ). Swiss law does not designate a ''capital'' as such, but the federal parliament and government are installed in Bern, while other federal institutions, such as the federal courts, are in other cities (Bellinzona, Lausanne, Luzern, Neuchâtel ...

) with 17%, and

Latin America Latin America or * french: Amérique Latine, link=no * ht, Amerik Latin, link=no * pt, América Latina, link=no, name=a, sometimes referred to as LatAm is a large cultural region in the Americas where Romance languages — languages derived f ...

(excluding the NAFTA country of Mexico) with 7%.

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 EvoBus GmbH is a German bus and coach manufacturer headquartered in Stuttgart, Germany and a wholly owned subsidiary of Daimler Truck AG. Its products go to market under the brands Setra or Mercedes-Benz. History In 1995, the bus division o ...

Daimler Trucks North America Daimler Truck North America LLC (formerly Freightliner Corporation) is an automotive industry manufacturer of commercial vehicles headquartered in Portland, Oregon, and LLC of the German multinational Daimler Truck AG. On October 1, 2021, ...

Freightliner Trucks Freightliner Trucks is a US semi truck manufacturer. Founded in 1929 as the truck-manufacturing division of Consolidated Freightways (from which it derives its name), the company was established in 1942 as Freightliner Corporation. Owned by Dai ...

and

Mitsubishi Fuso Truck and Bus Corporation The is a manufacturer of trucks and buses. It is headquartered in Kawasaki, Kanagawa, Japan. Currently, it is 89.29% owned by Germany-based Daimler Truck.

References

External links

* {{Authority control 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