(Reuters) -Daimler Truck expects revenues to grow as much as 60% between 2025 and 2030, top management of the truck and bus maker told investors on Tuesday.\nThe company's optimistic outlook, presented at a capital markets day in Boston, comes a year after Daimler Truck became an independently listed company in a spinoff from Mercedes-Benz passenger cars, and as it focuses on building autonomous trucks.\nDaimler Truck shares rose 2.5%.\nIt expects to generate over 3 billion euros ($3.30 billion) in revenue and 1 billion euro earnings before interest and taxes from autonomous driving in 2030, it said in a statement.\nDaimler plans to sell customers its own robotic driving system through its Torc Robotics unit, and will supply vehicles that customers can equip with other autonomous driving technology.
"}}}},{"node":{"postTitle":"Daimler Truck outlines plans for future at first Capital Markets Day","slug":"daimler-truck-outlines-plans-for-future-at-first-capital-markets-day","publishDate":"2023-07-11 18:39:49+00:00","createdLocal":"2023-07-12 14:30:43.873278","feedName":"Autonomous Trucks","postSummary":{"childMarkdownRemark":{"html":"Daimler Truck hosted its first Capital Markets Day as a standalone entity this week in Boston, Mass., where it projected strong global revenue growth of 40-60% from 2025 to 2030.\nThe company told investors its technology strategy is built on four global platforms: battery; hydrogen; diesel; and software.\n(Photo: Daimler Truck)“Daimler Truck is doing very well.\nWe are firmly on track to deliver on our 2025 ambitions,” said Martin Daum, chairman of the board of management of Daimler Truck.\nBeginning next year, Daimler Truck says it will begin rolling out new software features to enhance connectivity and fleet owner data access, predictive maintenance and advanced over-the-air updates.
"}}}},{"node":{"postTitle":"Daimler Truck sees revenue growing as it focuses on autonomous vehicles","slug":"daimler-truck-sees-revenue-growing-as-it-focuses-on-autonomous-vehicles","publishDate":"None","createdLocal":"2023-07-12 14:30:43.398376","feedName":"Autonomous Trucks","postSummary":{"childMarkdownRemark":{"html":"Recasts with revenue outlook, adds context, share move, quote, battery plansJuly 11 (Reuters) - Daimler Truck DTGGe.DE expects revenues to grow as much as 60% between 2025 and 2030, top management of the truck and bus maker told investors on Tuesday.\nThe company's optimistic outlook, presented at a capital markets day in Boston, comes a year after Daimler Truck became an independently listed company in a spin-off from the Mercedes-Benz passenger cars, and as it focuses on building autonomous trucks.\n\"We are ready to take Daimler Truck to the next level,\" CEO Martin Daum told investors.\nEasing supply chain constraints and stronger demand in its core markets and the after-sales business prompted the company late on Monday to raise its profit and revenue guidance for 2023.\nIt expects to generate over 3 billion euros ($3.30 billion) in revenue and 1 billion euro earnings before interest and taxes from autonomous driving in 2030, it said in a statement.
"}}}},{"node":{"postTitle":"Daimler Truck sees revenue growing as it focuses on autonomous vehicles","slug":"daimler-truck-sees-revenue-growing-as-it-focuses-on-autonomous-vehicles","publishDate":"None","createdLocal":"2023-07-12 14:30:41.832708","feedName":"Autonomous Trucks","postSummary":{"childMarkdownRemark":{"html":"(Reuters) -Daimler Truck expects revenues to grow as much as 60% between 2025 and 2030, top management of the truck and bus maker told investors on Tuesday.\nThe company's optimistic outlook, presented at a capital markets day in Boston, comes a year after Daimler Truck became an independently listed company in a spin-off from the Mercedes-Benz passenger cars, and as it focuses on building autonomous trucks.\n\"We are ready to take Daimler Truck to the next level,\" CEO Martin Daum told investors.\nEasing supply chain constraints and stronger demand in its core markets and the after-sales business prompted the company late on Monday to raise its profit and revenue guidance for 2023.\nIt expects to generate over 3 billion euros ($3.30 billion) in revenue and 1 billion euro earnings before interest and taxes from autonomous driving in 2030, it said in a statement.
"}}}},{"node":{"postTitle":"Attacks on freight trucks a threat to investment in SA","slug":"attacks-on-freight-trucks-a-threat-to-investment-in-sa","publishDate":"2023-07-11 00:00:00","createdLocal":"2023-07-12 14:30:39.512756","feedName":"Autonomous Trucks","postSummary":{"childMarkdownRemark":{"html":"It has been shown in letters by former deputy leader Willie Madisha’s lawyers that COPE has been deregistered as a company
"}}}},{"node":{"postTitle":"Daimler Truck aims for profitability of 12% by 2030","slug":"daimler-truck-aims-for-profitability-of-12-by-2030","publishDate":"2023-07-12 00:10:24+00:00","createdLocal":"2023-07-12 14:30:37.052861","feedName":"Autonomous Trucks","postSummary":{"childMarkdownRemark":{"html":"Daimler Truck Holding is aiming for a profitability target of more than 12% by the end of the decade, as announced today during the Investor Day.\nDaimler Truck has also raised its forecast for 2023 following improved supply chains and strong demand.\nIn May, Toyota Motor Corp. and Daimler Truck agreed to merge their truck manufacturing subsidiaries, Hino Motors Ltd. and Mitsubishi Fuso Truck & Bus, to boost profitability and work on alternative fuels and self-driving technology.\nThe firm said the move was an “excellent example of active portfolio management strategy.”Daimler’s truck division boosted returns after spin-off from Mercedes-Benz in late 2021 and said it was on track to boost profitability to more than 10% by 2025.\nIt also announced yesterday it will buy back 2 billion euros of treasury shares.
"}}}},{"node":{"postTitle":"Delivery fleet vehicle leasing companies are getting electrified","slug":"delivery-fleet-vehicle-leasing-companies-are-getting-electrified","publishDate":"None","createdLocal":"2023-07-12 14:30:35.194267","feedName":"Autonomous Trucks","postSummary":{"childMarkdownRemark":{"html":"Distribution operations looking to ease their way into the electric vehicle (EV) realm, increasingly can do so through leasing, as more and more leasing companies are adding the zero-emissions trucks into their portfolios of offerings for their delivery fleet customers.\nLeasing partners are pledging to offer more than just the latest in electric vehicle technologies for fleets.\nThey’re offering access to charging infrastructure, advisory guidance, planning and maintenance, giving fleets a comfortable, approachable gateway to the EV universe.\nThrough its partnership with DTNA, Velocity serves on the Electric Vehicle Council, as well as the Customer Experience fleet to test the eCascadia in real-world applications.\nPenske says it has been an early adopter EV technology, having invested in testing, maintaining and building out charging infrastructure.
"}}}},{"node":{"postTitle":"Driver Requirement for Autonomous Trucks Advances in California","slug":"driver-requirement-for-autonomous-trucks-advances-in-california","publishDate":"None","createdLocal":"2023-07-12 14:30:33.453362","feedName":"Autonomous Trucks","postSummary":{"childMarkdownRemark":{"html":"Autonomous trucks wouldn’t be allowed on the road in California without a driver until at least 2031 under legislation state lawmakers advanced Tuesday.\nThe Senate Transportation Committee approved the bill (A.B.\nIt comes amid mounting concerns about the effects of automation on jobs and frustration with the rollout of autonomous taxi services in San Francisco.\nOpponents argue the measure would effectively ban autonomous trucks in California and significantly curb the expansion of a sector with deep roots in the state’s technology industry.\nBut supporters contend the legislation doesn’t rule out the ...
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