Daimler Truck

Daimler Truck AG (holding company legal name Daimler Truck Holding AG) is one of the world's largest commercial vehicle manufacturers, with over 35 main locations worldwide and approximately 100,000 employees. Daimler Truck AG is headquartered in Leinfelden-Echterdingen, Germany. It was a part of Daimler AG from November 2019 to December 2021. History Daimler Truck was established in 2019 as a subsidiary of Daimler AG. In February 2021, Daimler announced its planned to spin off Daimler Truck into a separate listed company. The spin-off was approved by its shareholders on 1 October 2021. Following this, Daimler Truck Holding AG was incorporated to manage assets owned by Daimler Truck AG, and Daimler AG retained 35% of shares in the new company, with 5% being transferred to its pension trust. A separate website for the Daimler Truck company was launched on December 1, and the company went public on 10 December. Brands Mercedes-Benz - light, medium and heavy trucks, buses Freightliner - medium and heavy trucks, vans Western Star - heavy trucks Fuso - light, medium and heavy trucks, buses Thomas Built Buses - school buses Setra - buses BharatBenz - truck brand in India Detroit Diesel - medium and heavy-duty powertrain TruckStore - used vehicles, financing, leasing, rental, warranty and service contracts, and buyback Fleetboard - telematics and connectivity Rizon - electric medium-duty trucks Finances Of the Daimler Group's total workforce of 298,683 at the end of 2018 (2017: 289,321), 82,953 (2016: 79,483) worked at the Daimler Trucks division, of which 30,447 (2017: 30,424) were employed in Germany and 16,647 in the U.S. (2017: 15,002). In 2019, revenue amounted to €40.2 billion at Daimler Trucks and €4.7 billion at Daimler Buses. Daimler Buses is a leading brand in its core markets of Europe, Mexico, Brazil, and Argentina, selling 30,888 vehicles worldwide in 2019.