Latest news with #DaimlerTruck
Yahoo
21-05-2025
- Automotive
- Yahoo
Daimler Truck taps IT veteran to fill CIO role
This story was originally published on CIO Dive. To receive daily news and insights, subscribe to our free daily CIO Dive newsletter. Daimler Truck appointed Raghavendra Vaidya as CIO effective June 1, the company said Thursday. Vaidya will lead the company's IT, replacing Marcus Claesson, who served in the position for more than five years and is leaving at his own request, the company said. Vaidya began working for Daimler AG in 2016, before Daimler Truck was spun out as a separate company in 2021. He was initially brought in as SVP of IT at Mercedes-Benz Research and Development India and currently serves as managing director and CEO at Daimler Truck Innovation Center India, overseeing IT Operations in India. Prior to Daimler AG, Vaidya held several leadership roles at GE. In a March earnings report, Daimler Truck said it expects an operationally strong 2025 compared with 2024, when it saw softer markets in Europe and Asia despite strong North American sales. The company also noted its push to boost productivity and that it's currently 'working on revisiting and adjusting the Group strategy,' which it plans to present to stakeholders on July 8. Daimler Truck's CIO appointment is the latest in a growing list of tech executive comings and goings this spring where transformation has emerged as a central theme. Earlier this month, Naveen Seshadri was promoted to global chief digital officer at Ralph Lauren, an appointment he began in April ahead of the luxury brand's earnings call later this week. Former chief digital and technology officer Christopher Conrad left the company in January after less than a year in the role and is now chief technology and information officer at clothing retailer Aritzia. Seshadri, who joined Ralph Lauren in 2024, said he plans to focus on customer experience across every touchpoint -- from physical stores to digital properties. 'With a sharp focus on personalization, AI, platform modernization, and cross-channel commercial growth, we're building for the future with both magic and logic,' he said in a LinkedIn post. John Armstrong, formerly VP of global enterprise data and applications at Burberry, will become CIO at Regent's University London effective June 2, with the university noting Armstrong's experience as a 'transformational technology leader' in its announcement. In January, Burberry appointed Charlotte Baldwin to the role and said she would start at the end of March. Drew Martin is now CIO at Fat Brands, which owns 18 restaurant brands including Fatburger, Buffalo's Cafe and Ponderosa. Martin has a varied IT background, previously holding leadership roles at Jack in the Box, Sony and Lytx, a video telematics company. Meanwhile, Shelia Anderson departed Aflac, where she served as EVP and CIO for just under three years, to become EVP and chief information and digital officer at Unum Group. 'The opportunity to build and mature smarter, more customer-centric solutions in this space has never been more exciting and I'm thrilled to be on this journey with this forward-thinking team,' Anderson said in a LinkedIn post. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
18-05-2025
- Business
- Yahoo
Daimler Truck Holding (ETR:DTG) Is Paying Out A Dividend Of €1.90
Daimler Truck Holding AG (ETR:DTG) has announced that it will pay a dividend of €1.90 per share on the 2nd of June. This means the annual payment is 4.8% of the current stock price, which is above the average for the industry. AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early. We like to see robust dividend yields, but that doesn't matter if the payment isn't sustainable. Prior to this announcement, Daimler Truck Holding's dividend was only 52% of earnings, however it was paying out 897% of free cash flows. This signals that the company is more focused on returning cash flow to shareholders, but it could mean that the dividend is exposed to cuts in the future. The next year is set to see EPS grow by 40.8%. If the dividend continues along recent trends, we estimate the payout ratio will be 36%, which is in the range that makes us comfortable with the sustainability of the dividend. See our latest analysis for Daimler Truck Holding The dividend has been pretty stable looking back, but the company hasn't been paying one for very long. This makes it tough to judge how it would fare through a full economic cycle. Since 2023, the annual payment back then was €1.30, compared to the most recent full-year payment of €1.90. This implies that the company grew its distributions at a yearly rate of about 21% over that duration. It is always nice to see strong dividend growth, but with such a short payment history we wouldn't be inclined to rely on it until a longer track record can be developed. The company's investors will be pleased to have been receiving dividend income for some time. Daimler Truck Holding has seen EPS rising for the last five years, at 12% per annum. While on an earnings basis, this company looks appealing as an income stock, the cash payout ratio still makes us cautious. Overall, we don't think this company makes a great dividend stock, even though the dividend wasn't cut this year. While Daimler Truck Holding is earning enough to cover the payments, the cash flows are lacking. We would be a touch cautious of relying on this stock primarily for the dividend income. Market movements attest to how highly valued a consistent dividend policy is compared to one which is more unpredictable. However, there are other things to consider for investors when analysing stock performance. Case in point: We've spotted 2 warning signs for Daimler Truck Holding (of which 1 makes us a bit uncomfortable!) you should know about. Looking for more high-yielding dividend ideas? Try our collection of strong dividend payers. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Yahoo
15-05-2025
- Automotive
- Yahoo
Telsa rival Daimler Truck wants to know if Elon Musk's Semi EV can actually live up to the hype: ‘We'd love to get our hands on one'
The first Semis are scheduled for manufacturing in Tesla's Nevada factory at the end of this year, after eight years of development and validation. Rival Daimler Truck is waiting to see how the eHGV compares with its critically acclaimed Mercedes-Benz eActros 600. As Tesla inches closer to the start of volume production for its Semi early next year, industry leader Daimler Truck is keen to see whether the model can live up to its hype. First revealed in 2017, the electric heavy goods vehicle (eHGV) came with such demanding specifications at the time that Bill Gates himself doubted back in 2020 that they were even feasible. When it finally hits the market, the Semi will be the model with the longest development and validation time in Tesla's range, after Musk missed his original 2019 launch date. But recently, Tesla has been offering a glimpse into its Nevada factory, indicating confidence that it can move from field testing into what it calls 'first truck builds' by the end of this year. 'We'd love to get our hands on a Tesla Semi, and really test it,' Daimler Truck finance chief Eva Scherer told reporters on Wednesday. 'We haven't been able to, it cannot be ordered yet.' Tesla has enjoyed a first-mover advantage in the EV space for most of its existence. But legacy truck companies, particularly in Europe, have already been quietly selling EVs for several years now. Daimler isn't the only manufacturer with a headstart on Tesla, either. Swedish rival Volvo Trucks said last month that it has already sold over 5,000 zero-emission electric vehicles. But Tesla aims to surpass these volumes, with a Nevada factory designed to manufacture a peak output of 50,000 Semis annually. Depending on whether customers order a standard or long-range version, these vehicles will be capable of driving between 300 and 500 miles, or roughly 500 to 800 kilometers. While Musk plans to use the first Semis built internally before rolling them out to North American customers, project lead Dan Priestley has said a European launch will follow soon thereafter. Due to recent regulatory changes, the Semi will be street legal in Europe and compatible with local trailers, where it will compete with the Mercedes eActros 600 for demand. So, once the Semi launches next year, expect Daimler to stress-test Tesla's claims, such as a 1,700-kilometer drive completed in 24 hours. 'We keep hearing that it's supposed to be next year,' Scherer said. 'And yes, once it's there, we're interested to have a look.' Notably, her company—the largest manufacturer of HGVs in the world with brands like Freightliner—had cast considerable doubt on Musk's ambitious plans just last year. Daimler Truck is also waiting with a competitor of its own. In September, the group won the International Truck of the Year award with its Mercedes-Benz eActros 600, the German brand's first model designed specifically for long-distance hauling, with a range of 500 kilometers (311 miles). Early this year, Daimler Truck followed that up with the largest order for EV trucks Amazon has ever placed, with a commitment to purchase more than 200 units of the eActros 600 (the number designates its battery capacity in kilowatt-hours) over the course of this year. Since diesels have long been considered the most economical option for long-haul freight transport, eHGVs have mainly earned a spot in last-mile transport. In that segment, the expensive batteries can be smaller but still sufficient in size to last the full day before recharging at the end, once they return to the depot. When Musk took the stage in 2017, he claimed the Semi would be so good at long-haul transport that it would be 'economic suicide' for logistics firms to choose anything else. Even in what Musk claimed was a worst-case scenario, a diesel truck would still be 20% more expensive to operate per mile than his Semi. 'This beats rail,' the entrepreneur said, should they operate in convoy. This story was originally featured on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
14-05-2025
- Automotive
- Yahoo
Daimler Truck expects Q2 North American orders to be roughly on Q1 levels
By Amir Orusov and Ilona Wissenbach (Reuters) -Daimler Truck, one of the world's biggest truckmakers, told analysts on Wednesday that second-quarter orders in its Trucks North America segment will be roughly on par with the first quarter levels. Late on Tuesday, the company cut its full-year operating profit and revenue forecast, reflecting lower expectations for its North American business on heightened demand uncertainty due to U.S. duties. The effect of U.S. tariffs on first-quarter profitability was minor, chief financial officer Eva Scherer said on the call, adding the impact was mainly on demand. Profitability is ensured for the North American segment in the second quarter though lower than in the first quarter, Scherer said. However, the order books for the second half of the year was not filled yet and the company needed a stronger order momentum, she added. In April, Daimler's peer Traton said U.S. truckers were deferring orders over fears of a global recession, while Swedish Truck maker Volvo cut its North America truck market outlook amid tariff-related uncertainty. As for the U.S.-China trade deal slashing reciprocal tariffs, it is too early to predict but the deal may be positive for orders in the second quarter, Scherer said. Commenting on the billion-euro cost-cutting programme launched in March, Scherer said the company booked a provision in the mid-three-digit million euros range in the second quarter. The truckmaker has already received the necessary approval to reduce personnel-related costs and increase flexibility of the German locations, the company said in a press release. As for the European market, Daimler Truck prioritizes profitability over the market share, the finance chief said, adding the company did not want to regain the lost market share in Europe through excessive incentives. Sign in to access your portfolio
Reuters
14-05-2025
- Automotive
- Reuters
Daimler Truck expects Q2 North American orders to be roughly on Q1 levels
May 14 (Reuters) - Daimler Truck ( opens new tab, one of the world's biggest truckmakers, told analysts on Wednesday that second-quarter orders in its Trucks North America segment will be roughly on par with the first quarter levels. Late on Tuesday, the company cut its full-year operating profit and revenue forecast, reflecting lower expectations for its North American business on heightened demand uncertainty due to U.S. duties. The effect of U.S. tariffs on first-quarter profitability was minor, chief financial officer Eva Scherer said on the call, adding the impact was mainly on demand. Profitability is ensured for the North American segment in the second quarter though lower than in the first quarter, Scherer said. However, the order books for the second half of the year was not filled yet and the company needed a stronger order momentum, she added. In April, Daimler's peer Traton ( opens new tab said U.S. truckers were deferring orders over fears of a global recession, while Swedish Truck maker Volvo ( opens new tab cut its North America truck market outlook amid tariff-related uncertainty. As for the U.S.-China trade deal slashing reciprocal tariffs, it is too early to predict but the deal may be positive for orders in the second quarter, Scherer said. Commenting on the billion-euro cost-cutting programme launched in March, Scherer said the company booked a provision in the mid-three-digit million euros range in the second quarter. The truckmaker has already received the necessary approval to reduce personnel-related costs and increase flexibility of the German locations, the company said in a press release. As for the European market, Daimler Truck prioritizes profitability over the market share, the finance chief said, adding the company did not want to regain the lost market share in Europe through excessive incentives.
