Daimler Truck's Q3 earnings and revenue fell due to tough European market conditions.

Daimler Truck reported a decline in third-quarter earnings and revenue due to challenging European market conditions. Adjusted EBIT dropped to €1.19 billion from €1.34 billion, while revenue fell to €13.14 billion from €13.86 billion. Unit sales decreased by 11% to 114,917, although battery-electric vehicle sales rose by 36%. The company maintains its full-year revenue forecast of €53 billion to €55 billion, expecting a solid performance in 2024.

November 07, 2024
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