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The joint venture partners aim to each hold a 25% stake in the JV, with the remaining shares set to be listed on the Tokyo Stock Exchange’s prime market for large corporations.

Daimler’s Mercedes-Benz Special Trucks unit will offer complete logistics vehicles and long-term service in Europe, North America and other markets, Daimler said in a statement.

The German truck maker is working with Bank of America Corp. to sound out potential investors interested in acquiring a minority stake in Torc.

Profit at Daimler Truck tumbled in the second quarter of 2025 as North American sales slumped, with little prospect of a near-term improvement if Q2 orders are anything to go by.

Daimler Truck CEO Karin Radstrom says tariffs are not the biggest challenge facing the commercial vehicle maker in the United States.

°®¶¹´«Ã½ began testing its autonomous trucks on what is expected to be the Daimler Truck subsidiary’s first driverless freight lane between Laredo and Dallas, the parent company said.

Daimler Truck’s heavy-duty hydrogen fuel cell electric truck ambitions took another step forward in recent weeks, as testing of the prototype Mercedes-Benz GenH2 Truck ramped up.

The truck maker posted net income of $676.6 million, or diluted earnings per share of 83 cents, in Q3, down 35% from $1.033 billion, or $1.22, in the year-ago period.

The software platform will enable Daimler Truck, Volvo Group and potential customers of the joint venture to offer independent and digital vehicle functions for their products, the companies said. Customers will be able to add and update digital applications remotely, potentially reducing downtime and simplifying maintenance.   

Daimler Truck announced that Karin Rådström will take over as CEO on Oct. 1, replacing company veteran Martin Daum.