Daimler Truck Holding AG

Daimler Truck folded its military work into a single global brand, Daimler Truck Defence, in June and is targeting €1 billion in defense revenue by 2028, backed by a planned investment it describes as a mid-three-digit million-euro sum over the coming years. About 1,000 employees work in the business today, and Daimler expects that number to grow, particularly at its Wörth am Rhein plant in Germany, where military chassis share the same plants and parts bins as its commercial trucks. Two large programs anchor the order book: France's Ministry of the Armed Forces selected Daimler Truck and French partner Arquus in January for its PL6T program, a framework covering up to 7,000 Zetros-based trucks with deliveries running more than 10 years, and in Canada Daimler is supplying more than 1,500 Zetros logistics trucks to the Logistics Vehicle Modernization program, where General Dynamics Land Systems-Canada is prime contractor and Marshall Canada builds mission modules. Germany's Bundeswehr has also ordered military logistics vehicles in the three-digit unit range, and CEO Dennis Kinzelmann said France will most likely become the unit's largest defense customer on the strength of the PL6T award, closely followed by Canada, with Germany still on a very important level. Kinzelmann said shared civil content on a military Arocs could run north of 70 to 80 percent, and that Daimler Truck's aftersales network spans more than 160 countries to support fleets kept in service for 20 to 30 years.

Daimler Truck laid out what it says Europe needs to move battery-electric and hydrogen trucks from early adopters into mainstream fleets, including public megawatt chargers, truck-ready hydrogen stations and road tolls that reward zero-emission vehicles, with CEO Karin Rådström making the case at the company's Media Night in Hanover, Germany, ahead of IAA Transportation 2026. Mercedes-Benz Trucks held about 38% of Europe's market for locally CO2-free medium- and heavy-duty trucks in the first half of 2026, and customers have driven the eActros 600 more than 160 million kilometers since series production began at the end of 2024. Heavy-duty battery-electric trucks took 2% of Europe's market in 2025, and Daimler Truck estimates about 35% of new trucks would need to run on batteries or hydrogen by 2030 to meet EU CO2 targets. Europe has fewer than 2,000 public truck charge points today, most of them standard CCS chargers, and Rådström said it needs 35,000 megawatt charging points by 2030, along with 1,000 hydrogen stations, up from around 187 today, most of which supply only 350 bar. On cost, she pointed to CO2-based road tolls, saying the toll difference between a diesel truck and an electric truck in Germany comes out to about 33 to 35 cents per kilometer, but only 13 of the EU's 27 member states have adopted CO2-based tolls. Dachser chief development officer Stefan Hohm said the German logistics provider has 25 emission-free delivery areas in Europe and more than 200 battery-electric trucks on the road, including more than 160 Mercedes-Benz Actros models, out of a fleet of more than 15,000, and called grid access and capacity the main pain point. The eActros Lowliner opened for orders Sept. 15, with series production at the Mercedes-Benz plant in Wörth, Germany, set for the second quarter of 2027, and a small series of 100 Mercedes-Benz NextGenH2 fuel-cell trucks enters customer operations from the end of 2026 with Dachser as the first customer. Daimler Truck is asking the EU for an early review of its heavy-duty CO2 regulation, whose 2030 target calls for a 43% cut in CO2 emissions from new heavy-duty vehicles compared with 2019, and puts the cost of falling short at about €120 million in penalties for each percentage point Mercedes-Benz Trucks misses.

Daimler Truck is betting on owning the entire autonomous trucking system, with its Torc Robotics subsidiary aiming to run trucks on public roads with no safety driver in the cab before the end of the year. CEO Karin Rådström said at Daimler Truck's Media Night, ahead of IAA Transportation 2026, that the setup differentiates the company from any other player in the industry, spanning the truck platform and vehicle architecture, hardware integration and autonomous driving software. Daimler Truck North America builds the autonomous-ready chassis with redundancy in steering and braking, while Torc develops the AI-driven system covering perception, planning and driving. First commercial freight operations are planned for 2027, with scaling to begin in 2028, starting on long-haul lanes in North America, where Rådström said trucks travel more than twice the daily distance of European trucks and driver shortages are even more difficult. Torc previously completed driver-out validation in November 2024 on a multi-lane closed course in Texas at speeds up to 65 mph. With Freightliner, Rådström said the company is the clear number one in North American heavy-duty trucks; its Freightliner and Western Star brands held 37.8% of the North American Class 8 market through June, according to Daimler Truck's second-quarter investor presentation, and more than 1 million Cascadias have been sold in the U.S. since the model's 2007 introduction.

BlackBerry Limited reported fiscal second-quarter results in which its QNX unit posted record revenue of $80.3 million, up 27% year-over-year, with gross margin of 87% and adjusted EBITDA of $29 million, up 41% at a 36% margin. The quarter's largest data point was Coretura, the Volvo Group and Daimler Truck joint venture, selecting BlackBerry's Alloy Kore platform for its next-generation commercial vehicles, the largest QNX contract in company history, expected to add more than $100 million to the royalty backlog. Management raised its full-year QNX revenue outlook for the second consecutive quarter to $315 million to $325 million, and BlackBerry posted its sixth straight quarter of positive GAAP net income, ending with $447.1 million in cash. By contrast, the Secure Communications segment grew just 2% year-over-year to $60.9 million, a sharp deceleration from the first quarter's 24% growth to $73.6 million, and its adjusted EBITDA margin fell to 13% from 27% a year earlier. Management preemptively cut full-year Secure Communications guidance to $260 million to $270 million, citing rising Canada-US trade tension risk given the segment's large U.S. federal footprint, while acknowledging no material impact or pipeline slowdown outside North America has yet been seen. Canaccord lowered its price target to $9.50 from $10.30 while keeping a Hold rating, and the in-line third-quarter revenue guide of $143 million to $154 million, rather than the QNX beat, drove the stock's roughly 3% slide.

Bosch aims to double its heavy-duty commercial vehicle technology sales from today's more than 4 billion euros by 2035, Dr. Markus Heyn, deputy chairman of the Bosch board of management and chairman of the Mobility business sector, said at the IAA Show in Hannover. The company expects global truck production to grow moderately by about 1 percent to approximately 3.3 million trucks this year, then to 4 million units by the mid-2030s, and says the heavy-duty segment, vehicles weighing over six metric tons, is proving more resilient than an overall global vehicle production downturn expected in 2026. A major new order from long-time partner Daimler Truck for the eActros electric truck covers electric powertrain components manufactured in Europe, and Bosch says one in three newly registered electric trucks in Europe this year will be powered by its electric motor and inverter. Bosch also plans a new joint venture with Brakes India and Wheels India, two subsidiaries of the TSF Group, to develop smart actuators for compressed air generation, compressed air treatment, air suspension, and parking brakes. The company estimates that by 2030 about one in four newly registered heavy-duty trucks worldwide will be climate-friendly, rising to about half by 2035, while it continues to optimize conventional injection systems for standards such as Euro 7.

European truck manufacturers on the 14th asked the European Union to extend the deadline for meeting carbon dioxide reduction targets by three years from 2030. They cited inadequate charging infrastructure and soaring energy costs as reasons why zero-emission vehicles are not worth purchasing. Under current EU rules, manufacturers in the bloc are required to cut CO2 emissions from new heavy-duty vehicles by 43% by 2030 compared with 2025, by 64% by 2035, and by 90% by 2040, with fines imposed for non-compliance. According to the European Automobile Manufacturers' Association, zero-emission vehicles currently account for only 2.4% of new heavy-duty vehicles, far below the level needed to meet the 2030 target. In a statement, the chief executives of seven major European truck and bus makers, including the Netherlands' DAF Trucks, Germany's Daimler Truck, Italy's Iveco, and Sweden's Scania, called for the 2030 deadline to be extended by three years, and also urged policymakers to accelerate the rollout of charging stations, speed up grid connections, expand road toll systems based on CO2 emissions, and create conditions to reinvest revenue from emissions trading into infrastructure development and the spread of zero-emission vehicles.

For the first time in Europe, Germany is bringing together the full ecosystem needed to scale hydrogen truck deployment by 2030, as Volvo Group, Daimler Truck, Toyota Motor Corporation, Bosch, Air Liquide, TotalEnergies, TEAL Mobility, and MB Energy join forces with German policymakers to commercialize hydrogen-powered mobility. The collaboration will deploy hydrogen refueling stations along key strategic corridors in Europe, synchronized with hydrogen-powered truck fleets and a competitive hydrogen price, enabling customers to achieve a competitive total cost of ownership. Full details will be unveiled at a CEO-led press event during IAA Transportation in Hanover on September 15.

Daimler India Commercial Vehicles, the BharatBenz maker and Daimler Truck subsidiary, has signed a non-binding facilitation memorandum of understanding with the state of Tamil Nadu for a proposed Rs40bn investment. The commitment would bring DICV's total investment in India to over Rs145bn. The funds are earmarked for BharatBenz product development, manufacturing, research and development, infrastructure and technology readiness, with the initiative expected to generate roughly 400 jobs over the proposed timeframe. DICV runs a 400-acre integrated manufacturing and R&D site at Oragadam, near Chennai, where it employs more than 4,000 staff and works with over 400 local suppliers. The company sources around 92% of BharatBenz product value from its Indian supplier network and has exported more than 75,000 trucks and buses along with over 330 million parts to upwards of 70 markets.

Daimler Truck Holding AG raised its full-year 2026 guidance for adjusted EBIT, unit sales, revenue, and free cash flow, driven by a stronger outlook for Trucks North America. Group revenue rose 5% year-over-year to EUR12.3 billion, while adjusted EBIT reached approximately EUR800 million. However, adjusted EBIT for the industrial business declined 22% year-over-year in Q2, primarily due to significant tariff headwinds in North America, and the company recorded an impairment loss of EUR297 million on its ARCHION investment. Trucks North America showed a strong sequential recovery, with adjusted EBIT more than doubling from Q1 to EUR435 million, and order intake surging 156% year-over-year. The company also announced a new EUR1.1 billion share buyback tranche and received approval for its US content application, which is expected to reduce tariff headwinds in the second half of 2026.

Aeva Technologies reported a narrower-than-expected adjusted loss of 41 cents per share for the second quarter of 2026, beating the Zacks Consensus Estimate and improving from a loss of 44 cents a year ago. Revenues rose 11.3% to $6.1 million, slightly above the $6 million consensus, driven by professional service revenues that nearly tripled to $3.6 million, offsetting a 39.4% decline in product revenues to $2.5 million. Gross profit swung to $2.2 million from a year-ago loss of $2.7 million, with gross margin reaching 35.7% compared with negative 49.4%, as total cost of revenues fell sharply to $3.9 million from $8.2 million. Operating expenses increased 14.1% to $36.7 million, and the GAAP net loss narrowed to $79.6 million from $192.7 million, aided by a smaller fair-value loss on warrant liabilities. The company also launched an Optical Connectivity business for AI data centers, signed a joint development agreement with a hyperscaler, and advanced automotive programs with Bendix and Daimler Truck, while ending the quarter with $302.9 million in total available liquidity after a $115 million follow-on offering.

Toyota Motor has signed a binding agreement to become an equal shareholder in cellcentric, a developer and manufacturer of hydrogen fuel cell systems for heavy-duty commercial vehicles. The agreement places Toyota alongside Daimler Truck and Volvo Group as equal partners in the venture. The move brings Toyota into closer collaboration with the two truck makers in heavy-duty fuel cell systems and adds another piece to the company's hydrogen and commercial transport strategy.

German stocks moved higher on Tuesday, with the benchmark DAX up 85.61 points or 0.34% at 25,510.02 by noon, extending gains from the previous session. Automakers were broadly higher following reports that France and Germany are pursuing a new initiative to revive the auto industry, with Volkswagen surging 3.6% and Mercedes-Benz rallying 4%. Mercedes-Benz Group reported a second-quarter net profit of 1.065 billion euros, up from 915 million euros a year earlier, while Daimler Truck Holding and BMW moved up 3.75% and 3.7% respectively. Among other gainers, Rheinmetall jumped more than 4% and MTU Aero Engines climbed 3.7%, while Siemens Energy and Infineon Technologies shed 2% and 1.9% respectively.

Mexico's heavy-duty truck manufacturing sector rebounded in June, with production rising 7.6% year over year to 15,262 units and exports climbing 3.2% to 12,730 units, according to INEGI and Anpact. The June performance marked the first time since August 2024 that the industry recorded simultaneous year-over-year growth in wholesale sales, production, exports, and retail sales. Freightliner led production with 9,379 trucks, a 9.6% increase, while International Trucks manufactured 4,181 units, up 11.6%. Despite the monthly gains, first-half production fell 13% to 70,876 units and exports dropped 14.5% to 58,260 units compared to the same period in 2025. Anpact President Rogelio Arzate urged preservation of USMCA rules of origin, noting that member companies already meet 64% regional content and are on track for the 70% requirement by 2027.

Accenture has entered a multi-year engineering partnership with Coretura, the Daimler Truck and Volvo Group joint venture, to build a unified software platform for commercial vehicles including trucks and buses across multiple brands. The deal extends Accenture's role beyond consulting and IT services into core automotive software engineering and platform development. The collaboration places Accenture inside commercial vehicle software programs designed for very long product lifecycles, with potential for recurring platform and services work. The move highlights a push into software-defined vehicles and AI-backed engineering support without relying on short-term demand cycles.