Streetbeat News

DTRUY

Daimler Truck Holding AG

Industry

Heavy Duty Truck Manufacturing

Open

22.07

Mkt cap

35B

Volume

795

High

22.31

P/E Ratio

10.23

52-wk high

25.98

Low

22.00

Div yield

0.04

52-wk low

16.31

ChargePoint and Daimler Buses have partnered to integrate telematics for Mercedes-Benz and Setra electric fleets, enhancing fleet management without additional hardware.

Portfolio Pulse from Benzinga Newsdesk

August 27, 2024 | 7:06 am

Volvo Group and Daimler Truck plan to form a 50/50 joint venture to develop a software-defined heavy-duty vehicle platform, aiming to enhance customer efficiency and experience. The new company will be headquartered in Gothenburg, Sweden.

Portfolio Pulse from Benzinga Newsdesk

May 17, 2024 | 9:04 am

Uber Freight and Greenlane have announced a strategic collaboration to accelerate the development and installation of electric truck charging stations, supported by a $650 million joint venture between Daimler Truck North America, NextEra Energy Resources, LLC, and BlackRock. This initiative aims to boost the adoption of Heavy Duty Battery Electric Vehicles (HD BEVs) by leveraging Uber Freight's logistics network and Greenlane's charging infrastructure expertise. The collaboration will focus on identifying key corridors for early HD BEV deployment and integrating charging solutions into Uber Freight's platform. Greenlane plans to build its first charging corridors in Southern California, Texas Triangle, and the northeastern United States.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 3:10 pm

Mercedes-Benz Trucks, a division of Daimler Truck Holding AG, has unveiled its electric long-haul truck, eActros 600. The truck has a high battery capacity of over 600 kilowatt hours, enabling it to travel 500 kilometers without charging. The company aims to replace the majority of diesel trucks in the long-haul transport segment with this electric truck. The start of series production is planned for the end of 2024.

Portfolio Pulse from Shivani Kumaresan

October 10, 2023 | 1:30 pm

Daimler Truck Holding AG is searching for a new CFO following the sudden death of Jochen Goetz. Chairman Martin Daum is expected to assume the interim CFO role. Goetz was instrumental in the spin-off of Daimler Truck from Mercedes-Benz Group in December 2021. Daimler Truck's Q1 2023 revenue increased by 25% Y/Y to €13.2 billion. DTRUY shares are currently trading lower by 0.96% at $18.53.

Portfolio Pulse from Shivani Kumaresan

August 14, 2023 | 5:28 pm

Toyota Motor Corp (NYSE:TM) is reportedly planning to shift its focus to selling hydrogen-powered trucks and cars in Europe and China, as part of its ambition to sell 200,000 hydrogen fuel-cell vehicles by 2030. This marks a shift in the automaker's growth focus from passenger cars sales and the North American market. Toyota and Daimler Truck Holding (OTC:DTRUY) have collaborated on developing hydrogen and other CASE technologies. Toyota expects the global fuel cells market growth to be about $35 billion by 2030.

Portfolio Pulse from Shivani Kumaresan

July 11, 2023 | 4:51 pm

Toyota Motor Corp and Daimler Truck Holding AG have signed a memorandum of understanding to merge their truck operations in Japan. The companies will equally invest in the holding company of the merged MFTBC and Hino, collaborating in commercial vehicle development, procurement, production, carbon neutrality, and CASE technologies.

Portfolio Pulse from Shivani Kumaresan

May 30, 2023 | 1:17 pm

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