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Daimler Trucks North America will close its Portland, Oregon truck plant effective Oct. 30, ending production at the Swan Island facility and related sites. The closure will mean permanent layoffs for 214 Machinists, 101 Teamsters, 10 Painters, 9 SEIU members, and 44 non-union office employees. The company cites shifting factories and supply chains to the East Coast.

Daimler Truck said it will start a second share buyback tranche of up to €1.1 billion after finishing the first by mid-September. The tranche runs through end-June 2027. It also confirmed Q2 results, with adjusted operating profit down 18% to €838 million. Daimler cited improved U.S. conditions and a raised 2026 outlook tied to tariff updates.

A coalition of 24 environmental groups sent letters to the CEOs of PACCAR, Cummins, and Daimler urging them to stop lobbying to weaken EPA heavy-duty NOx standards due to take effect in 2027. The groups cite the companies’ investor statements from earnings calls, saying they conflict with support for rollbacks. Heavy-duty trucks are cited as 59% of transportation NOx emissions.

Toyota Motor acquired a one-third stake in cellcentric, an autonomous fuel-cell joint venture between Daimler Trucks and the Volvo Group. The three partners will each hold one-third. The deal follows a March non-binding agreement and is expected to close by end-2026 or early 2027, pending regulatory approvals, to support heavy-duty hydrogen fuel cell systems.

FCW reports that Daimler Truck is recalling about 131,000 Mercedes trucks due to a battery chip fire risk, according to the recall notice. The update matters for investors because it may affect warranty and remediation costs and highlights potential safety and compliance implications for the company’s commercial vehicle business.

Daimler Trucks North America will end truck manufacturing operations in Portland by the end of the year, relocating production to facilities in North and South Carolina in a move that will affect approximately 375 employees. The announcement comes just weeks after the company opened a new $40 million engineering hub in Portland.

Daimler Truck North America said it will close its Portland, Oregon manufacturing facility by year-end and relocate production to its Carolinas plants. The company expects about 375 jobs to be affected and will offer transition support, severance, and career resources. Portland will remain DTNA’s headquarters, according to the company.

Mercedes-Benz reported Q2 2026 net profit up 13.5% to €1.09 billion. Cars division adjusted EBIT was €909 million, but reported EBIT fell about 94% year-on-year to €49 million, driven by €704 million impairments tied to Chinese equity-method investments. Cars sales totaled 417,765 units, down 30% in China; Financial Services adjusted EBIT rose 70% to €492 million.

European stocks rose Tuesday, with the Stoxx 600 up 0.4%, helped by stronger earnings and lower oil prices amid hopes for renewed U.S.-Iran talks. Unilever upgraded full-year underlying sales growth guidance to 4% to 6% and reported €4.885bn H1 operating profit. Croda profit after tax rose to £79.6m. Mercedes-Benz reported Q2 net profit of €1.065bn.

Toyota Motor said it will join a fuel cell joint venture created by Volvo Group and Daimler Truck, adding Toyota to the existing partnership. The venture involves Daimler Truck and Volvo Group, with Toyota as a new participant, which may affect future fuel cell commercialization plans.