Latest news with #Mercedes-BenzTrucks
Yahoo
4 days ago
- Automotive
- Yahoo
Mercedes Electric Semi Truck Delivers Backwards Load To Break New World Record
This week Mercedes-Benz Trucks set a new record for driving a load over the road entirely in reverse, as well as a closed course record for continuous reversing. The driver, Marco Hellgrewe, described as a German Armed Forces officer and "truck enthusiast" was picked to reverse the brand new all-electric Mercedes-Benz eActros 600 to set the records, and absolutely delivered. The day began at the Motorsport Arena Oschersleben where Marco pushed the truck in reverse for a new record of 124.7 kilometers without stopping. Once that record had been achieved, Marco drove out onto the public streets, still in reverse, and drove over 30 kilometers from Oschersleben to the new Daimler Truck Global Parts Center in Halberstadt. The key to breaking a new record in reversing a tractor trailer is taking your time and having a police escort. The 30 kilometer drive in reverse took around two hours to complete, meaning the truck was travelling at just under 10 miles per hour for the entirety of the journey. "For me, a big dream has come true: to drive a long distance in reverse on public roads with an all-electric truck and semitrailer. And even being able to do it with the electric flagship eActros 600 from Mercedes-Benz Trucks – which has now become my second home, so to speak," says Hellgrewe. Read more: These Are The Most Annoying Things About Your Cars This isn't the first time a reverse record has been broken in recent years, though it's probably the biggest and heaviest of the ones we have covered. Back in 2018 Audi and ABT Schaeffler built an electric RS3 that went 130 miles per hour in reverse, which was absolutely trounced by the Rimac Nevera in 2023 setting a reverse top speed of 171.34 miles per hour. The prior tractor trailer reverse distance record was set by an Irish farmer in 2017, running almost 21 kilometers backing up. Mercedes-Benz Trucks worked with the mayor of Halberstadt for this project with both parties seeking attention for road safety, electrification, and "truck driver image." Truck drivers are essential to the mechanics of everyday life, bringing the things we need to live from wherever they're made to wherever we are. The job is a tough one with long hours and challenging working conditions, and truckers are vital to any functional economy. The talent that it takes to drive a big rig in the tight confines of any European city must be commended, but to do the whole thing in reverse must be on a completely different level. I'm seriously impressed, how about you? Want more like this? Join the Jalopnik newsletter to get the latest auto news sent straight to your inbox... Read the original article on Jalopnik.
Yahoo
15-05-2025
- Automotive
- Yahoo
Daimler Truck Holding AG (DTRUY) Q1 2025 Earnings Call Highlights: Strong Revenue and Strategic ...
Revenue: 11.6 billion from industrial business. Units Sold: 99,800 units. Adjusted Group EBITDA: 1.2 billion. Adjusted Return on Sales: 9.6% for industrial business. Earnings Per Share (EPS): 0.99. Free Cash Flow: 33 million in industrial business. Net Industrial Liquidity: 7.9 billion at quarter-end. Adjusted EBIT: 1.2 billion, a 4% decline year-over-year. Trucks North America Adjusted EBIT: 778 million with a 14.4% return on sales. Mercedes-Benz Trucks Adjusted EBIT: 238 million with a 5.4% return on sales. Trucks Asia Adjusted EBIT: 64 million with a 5.4% return on sales. Daimler Buses Adjusted EBIT: 126 million with a 9.4% return on sales. Financial Services Adjusted EBIT: Increased to 55 million. Industrial Net Liquidity: 7.9 billion, down from 8.6 billion in Q4. Unit Sales Decline: 8% decrease to 99,800 units. Incoming Orders: Declined 3% year-over-year to 103,000 units. Zero Emission Vehicles Sold: 759 units year-to-date. Heavy Duty Market Share in North America: 41.9%. Heavy Duty Market Share in Europe: 14.2%. Adjusted EBIT for Industrial Business: 1.1 billion, a 4% decline year-over-year. Adjusted Return on Equity for Financial Services: Decreased from 8.2% to 7.3%. Net Investments: 380 million in property, plant, and equipment and intangible assets. Adjusted Free Cash Flow: 143 million after adjustments. Warning! GuruFocus has detected 3 Warning Signs with DTRUY. Release Date: May 14, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Daimler Truck Holding AG (DTRUY) reported strong Q1 2025 results with revenues of $11.6 billion and an adjusted group EBITDA of $1.2 billion. The company achieved a significant milestone with Amazon placing its largest ever order for electric trucks, totaling 202 Mercedes-Benz E Atra 600 vehicles. Daimler Truck Holding AG (DTRUY) successfully tested its next-generation Gen H2 fuel cell truck in the Swiss Alps, demonstrating its power and zero-emission performance. The company announced a major initiative to establish Europe's largest semi-public charging network for electric trucks, aiming for over 3,000 fast charging points by 2030. Daimler Truck Holding AG (DTRUY) maintained a strong competitive position in North America with a class 8 market share of 41.9% despite market headwinds. The North American class 6 to 8 market declined by 5% year-over-year, impacting unit sales and incoming orders. The heavy-duty market in North America saw a 10% decline year-over-year, contributing to a challenging market environment. Daimler Truck Holding AG (DTRUY) experienced an 8% decline in overall unit sales and a 3% decline in incoming orders year-over-year. The company faced increased macroeconomic uncertainties, particularly in North America, affecting demand and market dynamics. Daimler Truck Holding AG (DTRUY) revised its full-year outlook for financial services, lowering the expected return on equity from 8-10% to 6-8% due to ongoing credit challenges. Q: Have you seen an increase in orders in North America in May, and what is driving the expected profitability in Q2? A: We have observed a stall in momentum with many customers adopting a wait-and-see approach. Despite this, we believe market demand remains and are focused on executing our strategy. Smaller fleets are currently ordering, and we expect orders to pick up in Q2. Our Q2 profitability is largely secured due to a filled production program and a strong order book from Q1. (Eva Scherer Scherer, CFO) Q: What is the potential impact of Section 232 tariffs on your North American operations? A: We are not overly concerned about Section 232 as we believe it would be difficult to assert that trucks made in Mexico threaten US national security. We expect USMCA to continue, potentially with stricter requirements, which we can adapt to. Our flexible production network allows us to manage costs efficiently. (Eva Scherer Scherer, CFO) Q: Can you explain the decline in EU30 heavy-duty market share and whether it is temporary? A: The decline is due to low order intakes last year, impacting current unit sales and market share. We expect improvement with the rollout of new products like the E Across L. We prioritize profitability over market share and are not engaging in excessive discounting. (Eva Scherer Scherer, CFO) Q: How are you managing flexibility in Trucks North America if orders do not pick up? A: We have labor agreements that allow us to adjust capacity and wages. In Mexico, we can reduce wages if we close down for a week. We have not released people yet, managing with shutdown days. We are prepared to adjust capacities in the second half if necessary. (Eva Scherer Scherer, CFO) Q: What are the drivers behind the strong margins in North America, and how sustainable are they? A: The strong margins are driven by a favorable mix, with more sales to smaller fleets and fewer medium-duty trucks. We expect this mix to normalize in Q2 but still remain strong. Pricing has been a net positive and is expected to continue positively impacting margins. (Eva Scherer Scherer, CFO) Q: Can you provide more details on the cost reduction program in Europe and its expected impact? A: The cost reduction program will have an impact in fiscal 2025, but not a major one. We will provide details on the ramp-up of savings at the Capital Markets Day. The program aims to close the performance gap with our best-performing peers. (Eva Scherer Scherer, CFO) Q: How are tariffs impacting your business, and what is your inventory situation? A: Tariffs had a minor impact on Q1 P&L but created market uncertainty, particularly in the US. We have considered current tariffs in our full-year guidance. Inventory levels are high but slightly decreasing, with a temporary increase due to new product ramp-ups. (Eva Scherer Scherer, CFO) Q: What is the status of your electrification efforts, and how is the market responding? A: We have 11 electric truck and bus models in production. The Amazon deal for 202 E Atra 600 trucks is a testament to our strong product offering. The US market for electric trucks is currently low, but we are monitoring regulatory changes to determine the right timing for new models. (Eva Scherer Scherer, CFO) For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. 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
Reuters
08-04-2025
- Automotive
- Reuters
Daimler Truck Q1 sales 8% lower on weaker demand in North America
April 8 (Reuters) - Daimler Truck ( opens new tab on Tuesday reported an 8% drop in first-quarter sales citing declining demand in North America and Mercedes-Benz Trucks units. The company - one of the world's biggest truckmakers - said it sold 99,812 vehicles in the first quarter, compared with 108,911 a year earlier. Sales of the Trucks North America and Mercedes-Benz Trucks segments fell 16% and 18%, respectively, while Trucks Asia saw an increase of 16%. Peer Traton ( opens new tab said on Monday it expected the North American truck market to shrink by close to 10% even before accounting for the impact from U.S. tariffs or a possible recession.
Yahoo
08-04-2025
- Automotive
- Yahoo
Daimler Truck Q1 sales 8% lower on weaker demand in North America
(Reuters) - Daimler Truck on Tuesday reported an 8% drop in first-quarter sales citing declining demand in North America and Mercedes-Benz Trucks units. The company - one of the world's biggest truckmakers - said it sold 99,812 vehicles in the first quarter, compared with 108,911 a year earlier. Sales of the Trucks North America and Mercedes-Benz Trucks segments fell 16% and 18%, respectively, while Trucks Asia saw an increase of 16%. Peer Traton said on Monday it expected the North American truck market to shrink by close to 10% even before accounting for the impact from U.S. tariffs or a possible recession. Sign in to access your portfolio
Web Release
14-02-2025
- Automotive
- Web Release
Daimler Truck Middle East Africa EliteClass 2024 Awards Ceremony
Cars Motors and accessories By Editor_wr On Feb 14, 2025 The highly anticipated EliteClass 2024 Awards Ceremony brought together 40 Daimler Truck Business Partners for a night of recognition and celebration. Held at the One&Only Royal Mirage, the prestigious black-tie event honoured top-performing General Distributors who have demonstrated exceptional performance, dedication, and commitment to excellence in 2024. The EliteClass 2024 Awards Ceremony was the culmination of a year long EliteClass program for Middle East and Africa measuring 24 categories across the entire business spectrum for Mercedes-Benz Trucks, Daimler Buses, and Fuso Trucks & Bus. The awards highlighted the dedication and resilience of partners who have achieved outstanding performance and a remarkable commitment to excellence, and therefore contributed significantly to Daimler Truck success in the MEA regions. Mr. Michael Dietz emphasised the importance of collaboration and performance-driven success during his opening address: 'EliteClass 2024 is more than just an awards ceremony—it is a testament to the hard work, commitment, and shared vision of our partners. Their achievements continue to drive our brand forward, setting new benchmarks in customer experience and operational excellence across the region.' The evening was capped with the awarding of the three prestigious 'EliteClass General Distributor of the Year 2024' awards: EliteClass MENA Fuso Truck & Bus General Distributor of the Year 2024: EliteClass MENA Mercedes-Benz Trucks General Distributor of the Year 2024: Emirates Motor Company – AbuDhabi EliteClass Central Africa General Distributor of the Year 2024: Akagera Business Group – Rwanda The EliteClass 2024 Awards reaffirm the company's commitment to excellence, continuous growth, and the recognition of partners who drive success in an evolving industry landscape. Daimler Truck Middle East Africa EliteClass 2024 Awards Ceremony Next Post LG SHOWCASES ITS GOOGLE CAST HOTEL TVS AT ISE 2025 Comments are closed.
