Daimler Truck second-quarter profit falls by 48 percent

Although the company previously cited tariff burdens as the cause of its 48% profit decline, new figures show revenue rose 5% to €12.3 billion and sales increased 8% to 86,707 trucks and buses, while EBIT fell 9% to €360 million—down 20% in the industrial segment—and CEO Karin Rådström said stronger North American performance and lower expected tariffs prompted an upward revision to the full-year forecast.

Despite the 48% profit drop, Daimler Truck's revenue rose 5% to €12.3 billion and sales increased 8% to 86,707 trucks and buses, prompting CEO Karin Rådström to raise the full-year forecast due to stronger North American demand and lower expected tariff burdens; the company also confirmed plans to cut 5,000 jobs in Germany under its 'Cost Down Europe' program and build a new U.S. factory to counter tariff challenges, while EBIT fell 9% to €360 million—20% in the industrial segment—and first-quarter profit plunged 80%.

Despite the 48% profit decline, Daimler Truck's revenue rose 5% to €12.3 billion and sales increased 8% to 86,707 trucks and buses, prompting CEO Karin Rådström to raise the full-year forecast due to stronger North American performance and lower expected tariff burdens; the company also confirmed plans to cut 5,000 jobs in Germany under its 'Cost Down Europe' program and build a new U.S. factory to mitigate tariff challenges, with EBIT in the industrial segment falling 20% while overall EBIT dropped 9% to €360 million.

Although the company previously cited tariff burdens as the cause of its 48% profit decline, new figures show revenue rose 5% to €12.3 billion and sales increased 8% to 86,707 trucks and buses, prompting CEO Karin Rådström to raise the full-year forecast due to stronger North American performance and lower expected tariff impacts; operating profit (EBIT) fell 9% to €360 million, with a 20% drop in the industrial segment, while the 'Cost Down Europe' program — aiming to cut over €1 billion in costs by 2030 and eliminate 5,000 jobs in Germany — is being complemented by a new U.S. factory set to open in three years to mitigate tariff challenges.

Although profit fell 48% in the second quarter, revenue rose 5% to €12.3 billion and sales increased 8% to 86,707 trucks and buses, with EBIT declining 9% to €360 million — a sharper 20% drop in the industrial segment — prompting CEO Karin Rådström to raise the full-year forecast due to stronger North American demand and lower expected tariffs, while the company also announced plans to build a new U.S. factory to mitigate tariff impacts and advance growth, alongside its 'Cost Down Europe' program targeting over €1 billion in savings and 5,000 job cuts in Germany by 2030.

Although profit fell 48% in the second quarter, revenue rose 5% to €12.3 billion and sales increased 8% to 86,707 trucks and buses, with EBIT declining 9% to €360 million — and 20% in the industrial segment — prompting CEO Karin Rådström to raise the full-year forecast due to stronger North American demand and lower expected tariff burdens; the company also confirmed plans to cut 5,000 jobs in Germany as part of its 'Cost Down Europe' initiative and build a new U.S. factory to mitigate tariff challenges, aiming to begin operations in three years.

Although the company previously reported a 48% profit drop, new figures show revenue rose 5% to €12.3 billion and sales increased 8% to 86,707 trucks and buses, while EBIT fell 9% to €360 million—20% in the industrial segment alone—and CEO Karin Rådström cited improved North American prospects and lower tariff expectations as reasons for raising the full-year forecast, alongside plans to cut 5,000 jobs in Germany and build a new U.S. factory to counter tariff pressures.

Despite the 48% profit drop, Daimler Truck reported a 5% revenue increase to 12.3 billion euros and an 8% sales rise to 86,707 trucks and buses, with EBIT falling 9% to 360 million euros—20% lower in the industrial segment; CEO Karin Rådström cited stronger North American performance and reduced tariff expectations as reasons for raising the full-year forecast, while unveiling plans to build a new U.S. factory to counter tariff challenges and advance growth, alongside the ongoing 'Cost Down Europe' program targeting over €1 billion in savings by 2030 and 5,000 job cuts in Germany.

Although the company previously cited tariff burdens as the cause of its 48% profit drop, new figures show revenue rose 5% to €12.3 billion and sales increased 8% to 86,707 trucks and buses, while EBIT fell 9% to €360 million — with industrial EBIT down 20% — prompting CEO Karin Rådström to raise the full-year forecast due to stronger North American demand and lower expected tariffs; additionally, Daimler Truck plans to begin construction this year of a new U.S. factory to mitigate tariff challenges and has launched 'Cost Down Europe' to cut over €1 billion in costs by 2030, including 5,000 job cuts in Germany.

Although profit fell 48% in the second quarter, revenue rose 5% to 12.3 billion euros and sales increased 8% to 86,707 trucks and buses, with EBIT dropping 9% to 360 million euros—20% lower in the industrial segment alone; CEO Karin Rådström cited stronger North American performance and reduced tariff expectations as reasons for raising the full-year forecast, while confirming plans to cut 5,000 jobs in Germany and build a new U.S. factory to counter tariff pressures, part of the 'Cost Down Europe' initiative targeting over €1 billion in savings by 2030.

Although profit fell 48% in the second quarter, revenue rose 5% to €12.3 billion and sales increased 8% to 86,707 trucks and buses, with EBIT declining 9% to €360 million — a steeper 20% drop in the industrial segment — prompting CEO Karin Rådström to raise the full-year forecast due to stronger North American demand and lower expected tariffs, while also confirming plans to cut 5,000 jobs in Germany and launch a new U.S. factory by 2029 to mitigate tariff pressures.

Although the company previously reported a 48% profit decline, new figures show revenue rose 5% to €12.3 billion and sales increased 8% to 86,707 trucks and buses, while EBIT fell 9% to €360 million—20% in the industrial segment alone—and CEO Karin Rådström cited stronger North American demand and lower expected tariffs as reasons to raise the full-year forecast, alongside plans to cut 5,000 jobs in Germany under the 'Cost Down Europe' program and build a new U.S. factory to counter tariff pressures.

Although the company previously cited tariff burdens as the cause of its 48% profit drop, new figures show revenue rose 5% to €12.3 billion and sales increased 8% to 86,707 trucks and buses, while EBIT fell 9% to €360 million—20% lower in the industrial segment—and CEO Karin Rådström now cites stronger North American demand and reduced expected tariff impacts as reasons for raising the full-year forecast, alongside plans to build a new U.S. factory to counter tariff challenges and cut 5,000 jobs in Germany under the 'Cost Down Europe' program targeting over €1 billion in savings by 2030.

Although profit fell 48% in the second quarter, revenue rose 5% to €12.3 billion and sales increased 8% to 86,707 trucks and buses, with EBIT declining 9% to €360 million — a sharper 20% drop in the industrial segment; CEO Karin Rådström cited stronger North American performance and lower expected tariffs as reasons for raising the full-year forecast, while also confirming plans to build a new U.S. factory to mitigate tariff challenges and advance growth, alongside the ongoing 'Cost Down Europe' program targeting over €1 billion in savings and 5,000 job cuts in Germany by 2030.

Despite the 48% profit drop, Daimler Truck reported a 5% revenue increase to 12.3 billion euros and an 8% sales rise to 86,707 trucks and buses, with EBIT falling 9% to 360 million euros — a less severe decline than overall profit, as the industrial segment saw a 20% EBIT drop; CEO Karin Rådström cited stronger North American performance and lower expected tariffs as reasons for raising the full-year forecast, while announcing a new U.S. factory to counter tariff challenges and a 'Cost Down Europe' program targeting over €1 billion in savings by 2030, including 5,000 job cuts in Germany.

Although the company previously reported a 48% profit drop, new figures show revenue rose 5% to €12.3 billion and sales increased 8% to 86,707 trucks and buses, while EBIT fell 9% to €360 million — with industrial EBIT down 20% — prompting CEO Karin Rådström to raise the full-year forecast due to stronger North American demand and lower expected tariff burdens; additionally, Daimler Truck plans to open a new U.S. factory in three years to counter tariff challenges and has pledged to cut 5,000 jobs in Germany as part of its €1 billion 'Cost Down Europe' savings program.

Despite the 48% profit drop, Daimler Truck reported a 5% revenue increase to 12.3 billion euros and an 8% sales rise to 86,707 trucks and buses, with EBIT falling 9% to 360 million euros—20% lower in the industrial segment alone; CEO Karin Rådström cited stronger North American performance and reduced tariff expectations as reasons for raising the full-year forecast, while confirming plans to cut 5,000 jobs in Germany under the 'Cost Down Europe' program and build a new U.S. factory to mitigate tariff impacts, aiming to begin operations in three years.

Although profit fell 48% in the second quarter, revenue rose 5% to 12.3 billion euros and sales increased 8% to 86,707 trucks and buses, prompting CEO Karin Rådström to raise the full-year forecast due to stronger-than-expected North American performance and lower anticipated tariff burdens; the company also confirmed plans to cut 5,000 jobs in Germany as part of its 'Cost Down Europe' initiative and to open a new U.S. factory by 2029 to mitigate tariff challenges.

Despite the 48% profit drop, Daimler Truck reported a 5% revenue increase to 12.3 billion euros and an 8% sales rise to 86,707 trucks and buses, with EBIT falling 9% to 360 million euros—20% lower in the industrial segment alone; CEO Karin Rådström cited stronger North American demand and reduced tariff expectations as reasons for raising the full-year forecast, while unveiling plans to build a new U.S. factory to counter tariff pressures and cut 5,000 jobs in Germany under its 'Cost Down Europe' initiative targeting over €1 billion in savings by 2030.

Despite the 48% profit drop, Daimler Truck reported a 5% revenue increase to €12.3 billion and an 8% sales rise to 86,707 trucks and buses, while EBIT fell 9% to €360 million—20% in the industrial segment alone; CEO Karin Rådström cited stronger North American performance and lower anticipated tariffs as reasons for raising the full-year forecast, and announced plans to build a new U.S. factory to mitigate tariff impacts, alongside the ongoing 'Cost Down Europe' program targeting over €1 billion in cost reductions and 5,000 job cuts in Germany by 2030.

Despite the 48% profit drop, Daimler Truck reported a 5% revenue increase to 12.3 billion euros and an 8% sales rise to 86,707 trucks and buses, with EBIT falling 9% to 360 million euros—20% lower in the industrial segment; CEO Karin Rådström cited stronger North American performance and reduced tariff expectations as reasons for raising the full-year forecast, while confirming plans to cut 5,000 jobs in Germany under the 'Cost Down Europe' program and build a new U.S. factory to mitigate tariff pressures.

Although profit fell 48% in the second quarter, revenue rose 5% to €12.3 billion and sales increased 8% to 86,707 trucks and buses, prompting CEO Karin Rådström to raise the full-year forecast due to stronger North American demand and lower expected tariff burdens; meanwhile, the company confirmed plans to cut 5,000 jobs in Germany under its 'Cost Down Europe' program and build a new U.S. factory to mitigate tariff challenges, with EBIT in the industrial segment declining 20% and first-quarter profit down 80% compared to last year.

Although profit fell 48% in the second quarter, revenue rose 5% to €12.3 billion and sales increased 8% to 86,707 trucks and buses, prompting CEO Karin Rådström to raise the full-year forecast due to stronger North American demand and lower expected tariff burdens; meanwhile, the company revealed plans to build a new U.S. factory starting late this year to mitigate tariff challenges, while its 'Cost Down Europe' program aims to cut over €1 billion in costs by 2030, including approximately 5,000 job losses in Germany.

Despite a 48% drop in profit, Daimler Truck reported a 5% revenue increase to €12.3 billion and an 8% sales rise to 86,707 trucks and buses, with order intake up 27%—driven by North America—while EBIT fell 9% to €360 million; CEO Karin Rådström and CFO Eva Scherer affirmed the full-year forecast revision, citing lower tariff expectations and strong demand, and announced plans to begin construction of a new U.S. factory by year-end, aiming for 2029 operations, alongside ongoing cost-cutting efforts targeting €1 billion in European savings by 2030 and an additional €150 million in savings this year.