Key facts
- Daimler Truck will launch a second share buyback tranche of up to €1.1 billion.
- The second tranche will commence after the first is completed by mid-September.
- The buyback program is scheduled to run until the end of June 2027.
- Daimler Truck reported an 18% drop in adjusted operating profit to €838 million for the second quarter.
- The company intends to construct a new U.S. manufacturing facility, with production slated to begin in 2029.
Daimler Truck is set to launch the second phase of its share buyback program, valued at up to €1.1 billion, immediately after completing the initial tranche by mid-September. This move follows improved business conditions in the U.S., which led the company to raise its profit forecast last month.
The truck maker confirmed its second-quarter results, reporting an 18% decrease in adjusted operating profit to €838 million. The new phase of the buyback plan is slated to run until the end of June 2027.
In addition to the buyback, Daimler Truck announced plans to build a new manufacturing facility in the U.S. to expand its North American presence. Construction is expected to begin in late 2026, with production commencing in 2029. The company's earlier profit forecast hike was attributed to higher anticipated unit sales in its North American division and a reduced tariff burden for the remainder of the year, following U.S. Department of Commerce approval of its U.S. Content application.