Daimler Truck

EQS-News: DEUTZ achieves record earnings and looks ahead to the new year with confidence

Retrieved on: 
Wednesday, April 10, 2024
Xchange, Material, Annual, Construction, Growth, MTU, Partnership, XCMG, Research, Material handling, Classification, Running, Daimler Truck, Yamaha Motor Company, Classic, Investment, Construction Equipment, Hand, Rolls-Royce Power Systems

Cologne, March 19, 2024 – Within a persistently challenging macroeconomic environment, DEUTZ stayed on course in the 2023 financial year and achieved record results for revenue EBIT1.

Key Points: 
  • Cologne, March 19, 2024 – Within a persistently challenging macroeconomic environment, DEUTZ stayed on course in the 2023 financial year and achieved record results for revenue EBIT1.
  • The results for the past financial year prove that this approach is working,” notes DEUTZ CEO Dr. Sebastian C. Schulte.
  • The company is continuing to advance market consolidation in the area of classic combustion engines through targeted acquisitions and partnerships.
  • The repositioning and refocusing of the Green segment which has been initiated establishes the preconditions required to meet this objective.

Aeva Expands in Europe with New Automotive Center of Excellence in Germany

Retrieved on: 
Tuesday, April 9, 2024
Technology, General Automotive, Engineering, Robotics, Automotive Manufacturing, Manufacturing, Apps, Applications, Automotive, Vehicle Technology, Autonomous Driving, Vehicles, Other Technology, Software, Other Automotive, Hardware, Research, Original equipment manufacturer, ATG, COE, Perception, Head, Daimler Truck, Senior, Silicon, OEM, Torc Robotics, FMCW, Multimedia, Mercedes-Benz, Automotive industry

Aeva ® (NYSE: AEVA), a leader in next-generation sensing and perception systems, today announced that it is expanding its presence in Europe with a new Automotive Center of Excellence (COE) in Germany to support its growing momentum with automotive OEM customers.

Key Points: 
  • Aeva ® (NYSE: AEVA), a leader in next-generation sensing and perception systems, today announced that it is expanding its presence in Europe with a new Automotive Center of Excellence (COE) in Germany to support its growing momentum with automotive OEM customers.
  • Additionally, autonomous vehicle industry expert Axel Gern has joined the company as Head of Engineering in Germany and will lead the COE.
  • View the full release here: https://www.businesswire.com/news/home/20240409158765/en/
    The COE was created in response to growing interest from the automotive market in Aeva’s unique Frequency Modulated Continuous Wave (FMCW) technology.
  • “He will play a key role in building Aeva’s engineering team in Europe and leading our Automotive Center of Excellence as we ramp up to support our production win with Daimler Truck and support the growing interest and engagements with automotive customers globally.”

Platform Science Raises $125 Million in Growth Capital

Retrieved on: 
Tuesday, April 9, 2024
Hardware, Technology, Apps, Applications, Other Transport, Trucking, Fleet Management, General Automotive, Transport, Aftermarket, Automotive, Software, Logistics, Supply Chain Management, Networks, Vehicle Technology, Mobile, Wireless, MSD, Growth, Original equipment manufacturer, BDT, PACCAR, Daimler Truck North America, Daimler Truck, Testament, Werner Enterprises, GDP, Ecosystem, API

Platform Science , the leading edge application platform for transportation, announced today that it raised $125 million in growth capital to accelerate innovation in the commercial transportation sector.

Key Points: 
  • Platform Science , the leading edge application platform for transportation, announced today that it raised $125 million in growth capital to accelerate innovation in the commercial transportation sector.
  • Platform Science also had strong participation from existing investors, including 8VC, NewRoad Capital Partners, and Prologis Ventures, underscoring their commitment to the company’s growth plans.
  • By doing so, we expect innovation to change transportation in the same way smartphones have changed our lives,” said Platform Science co-founder and CEO Jack Kennedy.
  • We look for opportunities that are driving impact at scale, and Platform Science is doing exactly this.

Milence expands its network to Sweden with the development of an electric charging hub in Varberg

Retrieved on: 
Tuesday, April 9, 2024
Port of Antwerp-Bruges, Combined, CCS, Daimler Truck, MSC, Volvo, Disability, Port, Rail transport

With this announcement, Milence expands its future network towards the Nordics and commits to develop the first Milence' charging hub in Sweden.

Key Points: 
  • With this announcement, Milence expands its future network towards the Nordics and commits to develop the first Milence' charging hub in Sweden.
  • The charging hub is strategically located in the municipality of Varberg, between Gothenburg and Malmö in the south-west of Sweden.
  • The hub in Varberg - as well as all other Milence charging hubs – will be open to all trucks regardless of brand.
  • The development of the charging hub in Varberg marks the first step of electrifying transport routes in the Nordics.

Milence expands its network to Milencewith the development of an electric charging hub in Varberg

Retrieved on: 
Tuesday, April 9, 2024
Port of Antwerp-Bruges, Combined, CCS, Daimler Truck, MSC, Volvo, Disability, Port, Rail transport

With this announcement, Milence expands its future network towards the Nordics and commits to develop the first Milence' charging hub in Sweden.

Key Points: 
  • With this announcement, Milence expands its future network towards the Nordics and commits to develop the first Milence' charging hub in Sweden.
  • The charging hub is strategically located in the municipality of Varberg, between Gothenburg and Malmö in the south-west of Sweden.
  • The hub in Varberg - as well as all other Milence charging hubs – will be open to all trucks regardless of brand.
  • The development of the charging hub in Varberg marks the first step of electrifying transport routes in the Nordics.

South Africa Motor Vehicle Industry Report 2023: Muted Domestic Sales and Export Slowdown Propose Challenges - ResearchAndMarkets.com

Retrieved on: 
Thursday, March 28, 2024
Automotive, General Automotive, Electricity, EV, Tax, Growth, EVS, CFAO, Volkswagen, Motus, Policy, Delays, Software, Ford, Daimler Truck, African, BMW, Semiconductor, FAW, Government, Rare-earth element

The "The Motor Vehicle Industry in South Africa 2023" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "The Motor Vehicle Industry in South Africa 2023" report has been added to ResearchAndMarkets.com's offering.
  • The outlook for the motor vehicle sector remains uncertain, as domestic sales are likely to remain muted as low consumer confidence and high interest rates affect demand.
  • There is also some concern that South Africa may lose export share if it fails to shift to electric vehicle production soon enough.
  • This report focuses on the motor vehicle industry, which incorporates the manufacture, distribution, servicing and maintenance of motor vehicles and the manufacture of components.

Aeva Reports Fourth Quarter and Full Year 2023 Results

Retrieved on: 
Tuesday, March 5, 2024
Semiconductor, Vehicle Technology, Technology, Automotive, Software, Original equipment manufacturer, FMCW, GAAP, OEM, Silicon, Entrepreneurship, Daimler Truck, Bank

Aeva ® (NYSE: AEVA), a leader in next-generation sensing and perception systems, today announced its fourth quarter and full year 2023 results.

Key Points: 
  • Aeva ® (NYSE: AEVA), a leader in next-generation sensing and perception systems, today announced its fourth quarter and full year 2023 results.
  • “We believe this win is just the beginning of the growing consensus around FMCW as OEMs look to introduce highway speed autonomy at mass scale.
  • Aeva believes that such non-GAAP measures are useful as supplemental measures of Aeva’s performance.
  • The company will host a conference call and live webcast to discuss results at 2:00 p.m. PT / 5:00 p.m.

Daimler Truck, Mitsubishi Fuso, Hino and Toyota Motor Corporation report progress on the collaboration based on the Memorandum of Understanding

Retrieved on: 
Friday, March 1, 2024
Memorandum of understanding, Definitive, Hino Motors, Carbon, Daimler Truck, Logic, Automation, Automotive industry

Tokyo / Japan and Leinfelden-Echterdingen / Germany, Mar 1, 2024 - (JCN Newswire) - Daimler Truck AG ("Daimler Truck"), Mitsubishi Fuso Truck and Bus Corporation ("MFTBC"), Hino Motors Ltd. ("Hino") and Toyota Motor Corporation ("Toyota") today gave an update on the progress on the collaboration based on the MoU.

Key Points: 
  • Tokyo / Japan and Leinfelden-Echterdingen / Germany, Mar 1, 2024 - (JCN Newswire) - Daimler Truck AG ("Daimler Truck"), Mitsubishi Fuso Truck and Bus Corporation ("MFTBC"), Hino Motors Ltd. ("Hino") and Toyota Motor Corporation ("Toyota") today gave an update on the progress on the collaboration based on the MoU.
  • In May 2023, Daimler Truck, Toyota, MFTBC, and Hino concluded a Memorandum of Understanding (MoU) on accelerating the development of advanced technologies and merging MFTBC and Hino.
  • According to the MoU, MFTBC and Hino plan to merge on an equal footing and collaborate in the areas of commercial vehicle development, procurement, and production.
  • The plan is to build a globally competitive Japanese commercial vehicle manufacturer, with Daimler Truck and Toyota investing equally in the (listed) holding company of the merged MFTBC and Hino.

Accelera by Cummins, Daimler Truck and PACCAR select Mississippi for battery cell production in the United States

Retrieved on: 
Thursday, January 18, 2024
EV, Electric Vehicles, Batteries, Alternative Energy, Energy, General Automotive, Technology, Automotive, Environment, Green Technology, Engineering, Automotive Manufacturing, Manufacturing, LFP, CMI, CFIUS, Foreign investment, Partnership, Kilowatt-hour, PACCAR, Carbon, Daimler Truck North America, Geography, Transport, Climate, Committee, Daimler Truck, Cell, Automotive industry

Accelera™ by Cummins, the zero-emissions business segment of Cummins Inc. [NYSE: CMI], Daimler Trucks & Buses US Holding LLC [a Daimler Truck Group Company; DAX: DTR0CK; “Daimler Truck”] and PACCAR [NASDAQ: PCAR] have selected Marshall County, Mississippi, as the future site of advanced battery cell manufacturing for their planned joint venture.

Key Points: 
  • Accelera™ by Cummins, the zero-emissions business segment of Cummins Inc. [NYSE: CMI], Daimler Trucks & Buses US Holding LLC [a Daimler Truck Group Company; DAX: DTR0CK; “Daimler Truck”] and PACCAR [NASDAQ: PCAR] have selected Marshall County, Mississippi, as the future site of advanced battery cell manufacturing for their planned joint venture.
  • The planned joint venture between Accelera, Daimler Truck and PACCAR was announced in September 2023 and will create scale to deliver cost effective and differentiated battery cell technology that supports the adoption of electric vehicles for medium- and heavy-duty commercial transportation.
  • Accelera, Daimler Truck and PACCAR will each own 30% of, and jointly control, the business, which will focus on lithium-iron-phosphate (LFP) battery technology for commercial battery-electric trucks.
  • Accelera, Daimler Truck and PACCAR are leading the commercial vehicle sector’s transition to zero-emissions technologies.

Accelera by Cummins, Daimler Truck and PACCAR Select Mississippi for Battery Cell Production in the United States

Retrieved on: 
Thursday, January 18, 2024
Alternative Vehicles, Fuels, Trucking, EV, Electric Vehicles, Automotive, Transport, Automotive Manufacturing, Manufacturing, Alternative Energy, Energy, LFP, CFIUS, Foreign investment, Multimedia, Partnership, Kilowatt-hour, PACCAR, Carbon, Daimler Truck North America, Geography, Climate, Committee, Daimler Truck, Cell, Automotive industry

Accelera™ by Cummins, Daimler Trucks & Buses US Holding LLC and PACCAR have selected Marshall County, Mississippi, as the future site of advanced battery cell manufacturing for their planned joint venture.

Key Points: 
  • Accelera™ by Cummins, Daimler Trucks & Buses US Holding LLC and PACCAR have selected Marshall County, Mississippi, as the future site of advanced battery cell manufacturing for their planned joint venture.
  • The 21-gigawatt hour (GWh) factory is expected to begin producing battery cells in 2027.
  • Accelera, Daimler Truck and PACCAR will each own 30% of, and jointly control, the business, which will focus on lithium-iron-phosphate (LFP) battery technology for commercial battery-electric trucks.
  • Accelera, Daimler Truck and PACCAR are leading the commercial vehicle sector’s transition to zero-emissions technologies.