All articles tagged with #daimler truck
Daimler Truck is considering exiting manufacturing in China due to a severe global downturn, US tariffs, and declining demand, while aiming to maintain R&D and sourcing access; the company faces challenges from market shifts and Chinese competition, with a decision expected by year's end.
Daimler Truck and Toyota are finalizing a merger of Mitsubishi Fuso and Hino Motors into a new holding company to enhance efficiency and focus on CASE technologies, including electrification and hydrogen, with operations expected to start in April 2026.
European markets closed higher as euro zone inflation fell less than expected, with the pan-European Stoxx 600 ending the session up 0.6%. Tech stocks led gains, while insurance fell. Daimler Truck shares surged 18% after raising its dividend and announcing a new 2 billion euro share buyback program on the back of better-than-expected pre-tax 2023 earnings. Grifols and ITV also posted double-digit gains on strong results. In Asia-Pacific, Japan's Nikkei 225 closed at a fresh record high, and U.S. stocks were higher after wrapping a fourth consecutive winning month.
The US startup Plug Power has launched its first liquid green hydrogen plant, while ZeroAvia is developing liquid green H2 refueling trucks and Daimler Truck is exploring importing liquid hydrogen from the United Arab Emirates. Liquid green hydrogen is gaining attention as an energy-dense and economical alternative, with applications in forklifts, aviation, and maritime transport. Additionally, GM and Honda have started volume production for their Fuel Cell System Manufacturing joint venture, and efforts are underway to drive down the cost of green hydrogen production through innovative technologies.
Daimler Truck's chief financial officer, Jochen Goetz, has passed away in a tragic incident. Goetz, who spent his entire career at Daimler Group, played a crucial role in the successful spin-off of Daimler Truck Holding. He was praised for his professionalism and positive approach. Daimler Truck recently achieved a record adjusted return on sales in Q2 2021. Goetz is survived by his wife and two children.
Jochen Goetz, the chief financial officer of Daimler Truck, has passed away at the age of 52. Goetz played a crucial role in the successful spinoff of Daimler's truck division from the rest of the company, which renamed itself Mercedes-Benz Group AG. Daimler Truck is the world's largest maker of trucks. The company did not provide details about the "tragic incident" that led to Goetz's death.
Jochen Goetz, the chief financial officer of Daimler Truck, has died in a "tragic incident," according to a statement from the company. Goetz, who had worked at the Daimler Group for over three decades, played a crucial role in the successful spin-off of Daimler's truck division in 2021. The company did not provide details about the incident. Martin Daum, chairman of Daimler Truck, expressed deep sorrow over the loss of Goetz, both personally and professionally.
Jochen Goetz, the Chief Financial Officer of Daimler Truck, has passed away in a tragic accident at the age of 52. Goetz had spent his entire professional career of over 36 years at Daimler Group and played a crucial role in the successful spin-off of Daimler Truck Holding. He was praised for his professionalism and positive approach. Daimler Truck recently achieved a record adjusted return on sales for its industrial business in the second quarter. Goetz is survived by his wife and two children.
Daimler Truck's Chief Financial Officer, Jochen Goetz, has passed away in a tragic accident at the age of 52. Goetz had spent his entire professional career at Daimler and played a crucial role in the successful spin-off of Daimler Truck Holding. He was praised for his professionalism and positive approach. Daimler Truck recently achieved a record adjusted return on sales in the second quarter. Goetz is survived by his wife and two children.