Daimler Trucks on the Road to New Heights

The increasing sales and revenue reported by the German group Daimler for last year are not only the merit of the passenger cars division. One another important business in the group, trucks, also contributed to the growth and, in the process, it insured what the company believes will be a bright future.

Daimler says that, as the economies of the world rebounded last year, so did the demand for transport services. That in turn led to an increase in demand for the trucks manufactured all over the world by Daimler.

Last year, Daimler Trucks sold 355,263 vehicles, a number which represents an increase of 27 percent compared to the year all try to forget, 2009. Translated into cash, the growth transformed into sales revenues of EUR24.024 billion, with the division’s EBIT (including one-time charges) now being positive, EUR1.323 billion.

“When the economy grows, the need for transport services grows along with it. We are among the top three manufacturers in terms of market share in all of our core markets, and all of our business units have returned to profitability,”
said Andreas Renschler, the member of the Daimler board responsible for Daimler Trucks and Daimler Buses.

The outlook for 2011 is, as a consequence, positive, Daimler hoping to continue the expansion in the core markets. Most of the growth is expected to come from Europe's fastest growing markets for these types of vehicles, Russia, but from India and the US as well. In the mid-term future, by 2013, Daimler hopes to achieve an 8 percent return on sales across the business cycle.

“We are beginning the year 2011 from a position of strength,”
added Renschler. “We expect to see significant growth in the truck market, especially for medium-duty and heavy-duty trucks. Our level of incoming contracts in Europe and North America is currently exceeding our expectations. And if this exceptionally positive trend continues, we may have to adjust our market forecast.”
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About the author: Daniel Patrascu
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Daniel loves writing (or so he claims), and he uses this skill to offer readers a "behind the scenes" look at the automotive industry. He also enjoys talking about space exploration and robots, because in his view the only way forward for humanity is away from this planet, in metal bodies.
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