Daimler Truck expands AI infrastructure to support manufacturing

Daimler Truck Holding AG (DTG) plans a second share buyback tranche, starting Sep 21, 2026, to repurchase up to €1.1B or 65,329,378 shares by Jun 30, 2027. This follows a €300M repurchase in the first tranche, as part of an approved multi-year buyback program.

Daimler Truck announced a new global defense brand, Daimler Truck Defense, with a mid-three-digit million-euro investment. The company aims to generate €1 billion in defense-related revenue by 2028, accelerated by two years. Existing contracts with the French, German, and Canadian armed forces support this target. The strategy involves consolidating military operations and expanding production at key facilities.

Daimler Truck sold shares in Archion, reducing its stake to 25% and raising €600m. Archion, a holding company formed by merging Hino Motors and Mitsubishi Fuso, is listed on the Tokyo Stock Exchange. The sale aligns with Daimler's strategic focus on heavy-duty vehicles and efficiency. Archion's free float increased, and it joined CJPT. Toyota Motor also holds a 25% stake.

Daimler Truck reduced its stake in Archion to 25%, matching Toyota Motor's stake, and raised $695 million. The sale was part of a secondary offering. Both companies had planned to hold 25% in Archion, a joint venture combining their Japanese truck units. Daimler Truck CFO Eva Scherer stated the sale increased Archion's free float and completed its transition to an independent listing.

Daimler Truck completed a secondary offering of ARCHION shares, reducing its stake to 25% and generating €600 million in proceeds. This aligns with the planned ownership structure post-integration of Mitsubishi Fuso and Hino. The move increases ARCHION's free float and broadens its shareholder base.

Daimler Truck said quarterly orders missed expectations across business areas, with Freightliner order intake up 27% to 74,448 units in Q2 but below analyst forecasts. North America orders were 35,379, 17% under consensus, and Mercedes-Benz Trucks 33,850, 21% below. Shares fell 4%. Daimler expects North America profitability of 11% to 13% in Q3 and adjusted return on sales of 8.4% in Q2.