Daimler Truck
Daimler Truck Holding AG (DTAG) is one of the world’s largest commercial vehicle manufacturers, with over 40 major sites and about 100,000 employees.[1] It was spun off from Daimler AG effective 1 December 2021 and has been listed independently on the Frankfurt Stock Exchange since 10 December 2021.[2] Mercedes-Benz Group AG holds a 35% stake since the IPO.[3] The company legal seat is at Stuttgart, with its main headquarters in Leinfelden-Echterdingen.[4]
Its two operating divisions, Daimler Truck and Daimler Buses, encompass eight vehicle brands: BharatBenz, Freightliner, FUSO, Mercedes-Benz Trucks & Buses, Rizon, Setra, Thomas Built Buses, and Western Star Trucks. Daimler Truck is the global market leader in medium and heavy trucks over 6 t GVW, delivering about 489,000 vehicles in 2019.[5] The Financial Services unit offers funding and mobility services.[6]
Business figures
Daimler Truck accounted for about 23% of Daimler group revenue in 2018, generating €40.2 billion in Trucks and €4.7 billion in Buses in 2019.
| Year | Division | Revenue (EUR million) | EBIT (EUR million) | Employees (31 Dec) | |||||
|---|---|---|---|---|---|---|---|---|---|
| 2012 | Trucks & Buses | 31,389 | 1,695 | ||||||
| 2013 | Trucks & Buses | 31,473 | 1,637 | ||||||
| 2014 | Trucks & Buses | 32,389 | 1,878 | ||||||
| 2015 | Trucks | 37,578 | 2,576 | 86,391 | Buses | 4,113 | 214 | 18,147 | |
| 2016 | Trucks | 33,187 | 1,948 | 78,642 | Buses | 4,176 | 249 | 17,899 | |
| 2017 | Trucks | 35,707 | 2,380 | 79,483 | Buses | 4,351 | 243 | 18,292 | |
| 2018 | Trucks | 38,273 | 2,753 | 82,953 | Buses | 4,529 | 265 | 18,770 | |
| 2019 | Trucks | 41,600 | 2,500 | 81,810 | Buses | 4,644 | 283 | 15,824 | |
| 2020 | Trucks | 32,573 | 491 | 81,308 | Buses | 3,438 | 0 | 15,585 | |
| 2021 | Group | 39,764 | 3,357 | 99,849 | |||||
| 2022 | Group | 50,945 | 3,496 | 104,729 | |||||
| 2023 | Group | 55,890 | 5,183 | 104,416 | |||||
| 2024 | Group | 54,077 | 3,592 | 102,895 |
Vehicle sales
Annual unit sales by region (2018–2020; select years):
| Region | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|
| World total | 517,300 | 470,700 | 415,100 | 502,500 | ≈496,000 |
| Western Europe | 85,400 | 82,300 | 79,800 | 64,800 | ≈57,000 |
| Germany | 32,900 | 31,700 | 31,500 | ≈32,000 | 29,900 |
| NAFTA | 189,700 | 165,000 | 145,700 | 191,900 | — |
| USA | 160,600 | 140,200 | ≈122,000 | ≈167,000 | 141,600 |
| Latin America | 38,200 | 30,500 | 27,500 | ≈31,000 | ≈47,000 |
| Brazil | 21,400 | 13,400 | 12,100 | 16,400 | 32,200 |
| Asia | 164,700 | 148,600 | ≈125,000 | ≈148,000 | ≈167,000 |
| Japan | 44,000 | 44,800 | 46,400 | 45,600 | 43,900 |
| Indonesia | 64,200 | 42,700 | 28,000 | 32,100 | 58,300 |
| China | 103,400 | 112,400 | 77,800 | 69,200 | 99,200 |
Daimler Truck joined the DAX on 21 March 2022, after a brief listing in the MDAX. Major shareholders as of 30 December 2024:
| Shareholder | Stake |
|---|---|
| Mercedes-Benz Group AG | 30.01% |
| Daimler Pension Trust e. V. | 5.19% |
| Kuwait Investment Authority | 4.98% |
| Institutional investors | 44.81% |
| Retail investors | 15.01% |
Brands
- Mercedes-Benz: light, medium, and heavy trucks; city, regional, and coach buses; Unimog
- Freightliner: medium and heavy trucks
- Western Star: heavy trucks
- Thomas Built Buses: school buses
- Mitsubishi Fuso: light and medium trucks
- BharatBenz: India-specific trucks
- Setra: regional and coach buses
- TruckStore: used trucks, financing, leasing, rental, warranties
- Fleetboard: telematics and connectivity
Major production sites
Daimler Truck and its subsidiaries operate 24 main plants across Germany, the USA, Mexico, Brazil, Japan, Turkey, France, Portugal, South Africa, and India. Sites produce trucks, buses, Unimog, and special vehicles.
Wörth am Rhein (Germany)
World’s largest truck assembly plant, with 2.46 million m² site area and daily output over 470 trucks (2018). Models: Actros, Arocs, Atego, Antos, Econic, Unimog, Zetros.
Mannheim (Germany)
Diesel engines, axles, gearboxes; Citaro bus body shells for Ulm assembly; C-Class and Sprinter CNG conversions; fuel cell vehicles.
Gaggenau (Germany)
Transmissions, axles, torque converters, forming, logistics. Oldest continuous auto plant worldwide, origins in 1894.
Kassel (Germany)
Axle production for commercial vehicles; former Henschel site.
North America
Multiple plants in North Carolina, Oregon, Michigan for Freightliner, Western Star, Thomas Built Buses, Detroit Diesel, FUSO, Actros.
Latin America
Argentina: González Catán – engines, axles, gearboxes, commercial vehicles. Brazil: São Bernardo do Campo and Juiz de Fora – engines, axles, light and heavy trucks.
Asia
China: Beijing Foton Daimler JV – Auman and Actros trucks. Japan: Kawasaki (Mitsubishi Fuso trucks), Nakatsu (gearboxes), Fuchu (buses). India: Oragadam (BharatBenz trucks). Turkey: Aksaray (Atego, Axor, Actros, Unimog).
External links
References
- ↑ Statista: Top 10 global truck manufacturers 2024
- ↑ FAZ.NET: Daimler Truck listed on the stock market, retrieved 2021-12-10
- ↑ Tagesschau.de: Daimler Truck is now independent, retrieved 2022-02-13
- ↑ Stuttgart District Court, HRB 778600
- ↑ Daimler media: Trucks in figures, archived 2021
- ↑ Daimler Truck Financial Services