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Daimler Truck Q3 Sales Rise 26% on N.America, Europe Growth

Oct 8 (Reuters) - Daimler Truck reported ‌26% growth in third-quarter vehicle sales on Thursday, as deliveries increased at both its ​North American unit and largely ​Europe-based Mercedes-Benz Trucks, offering an early ⁠indication that the stronger second half ​of the year forecast by the ​management was taking shape.

Investors have been watching whether improving demand in North America could offset ​softer conditions in parts of Europe ​and other markets.

  • The truck maker sold 91,260 vehicles ‌in ⁠the three months to September, up from 72,277 a year ago

  • Deliveries in its two biggest truck businesses, Trucks ​North America ​and Mercedes-Benz ⁠Trucks, rose 51% and 13% respectively

  • Sales at Daimler Buses ​fell 16% to 5,394 vehicles, ​while ⁠battery-electric truck and bus sales dropped 28% to 1,207 units

  • The company had raised ⁠its ​full-year outlook in August, ​citing stronger prospects in North America

Reporting by Maria ​Rugamer in Gdansk, editing by Milla Nissi-Prussak

Source: Reuters


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