Daimler: Truck deliveries rise

Jason Cannon July 25, 2013

Daimler Trucks said Wednesday its second-quarter North American deliveries climbed 1 percent to to almost 35,000 vehicles.

“As we previously announced, our earnings in the second quarter improved significantly compared with the first three months of the year and exceeded market expectations. This represents progress in our earnings development, but no cause for complacency. We will continue to work hard on achieving our goals,” Dr. Dieter Zetsche, Chairman of the Board of Management of Daimler AG and Head of Mercedes-Benz Cars, says.

U.S. retail sales rose 24 percent to almost 30,600, with orders rising 41 percent to 27,000 units, the Germany-based truck maker said, and worldwide truck unit sales were up 1 percent from a year ago to nearly 124,000 trucks.

Unit sales revived slightly, with stimulus in particular from the market recovery in Brazil, the company says.

Ongoing weak demand in Asia and Western Europe, higher warranty costs and exchange-rate effects had a negative impact on earnings, the company says.

Daimler said its global truck unit’s earnings fell 17 percent to $573 million, while revenue dropped 2 percent to $10.6 billion.

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