Daimler Truck Benefits from the Commercial Vehicle Boom in the U.S.

Substantial Profit Growth Daimler Truck Benefits from the Commercial Vehicle Boom in the U.S.

2026-11-09 Source: dpa | Translated by AI 1 min Reading Time

The growing demand for trucks and other vehicles in North America has led to a welcome 73 percent increase in profits for Daimler Truck ...

The market for commercial vehicles, such as those rolling off the assembly line at Daimler Truck, is recovering. After a period of turbulence, the Baden-Württemberg-based company’s business is now back on a steadier course ...(Image: Daimler Truck) — The market for commercial vehicles, such as those rolling off the assembly line at Daimler Truck, is recovering. After a period of turbulence, the Baden-Württemberg-based company’s business is now back on a steadier course ...
(Image: Daimler Truck)

Compared to the same quarter last year, Daimler Truck’s consolidated net income rose from 407 million ($463.98 million) to 702 million euros ($800.28 million), according to a statement from Leinfelden-Echterdingen. The company attributes this positive trend to a recovering market. The third-quarter results showed that business continues to gain momentum. According to the company, it is particularly important that profitability has improved while the company remains fully focused on customer needs worldwide. Revenue, the report adds, rose by 19 percent (from 10.55 billion ($12.027 billion) to approximately 12.58 billion euros ($14.341 billion)). Operating profit—that is, earnings before interest and taxes (EBIT)—rose by 89 percent (from 553 million euros ($630.42 million) to just over one billion euros ($1.14 billion)). In the third quarter, Daimler Truck thus sold significantly more vehicles than in the very weak same period a year earlier.

A Large Deficit Remains on the Books

Sales rose by 26 percent (to 91,260 vehicles). Sales increased significantly, particularly in North America, where they rose by more than half. Sales there had plummeted the previous year due to tariff hikes imposed by U.S. President Donald Trump. Things hadn’t been going smoothly recently. As a result, Daimler Truck’s profit in 2025 fell by 34 percent compared to the previous year (to two billion euros). In the first six months of this year, consolidated net income even plummeted by a staggering 72 percent. However, after nine months, the bottom line now shows “only” a 30 percent decline. To become more competitive, the company had already launched the “Cost Down Europe” cost-cutting program last year. By 2030, this program is expected to reduce operating costs on the company’s home continent by over one billion euros. Unfortunately, approximately 5,000 jobs are set to be cut in Germany. The Mercedes-Benz truck brand is particularly affected. But cost-cutting measures are also planned in North America.

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