Daimler Truck AG

Volvo Group and Daimler Truck AG signed a binding agreement to form a joint venture for fuel-cell systems, with Volvo acquiring 50% of Daimler Truck Fuel Cell GmbH for approximately EUR 0.6 billion.

Volvo Group and Daimler Truck AG signed a binding agreement to form a joint venture to develop, produce and commercialize fuel-cell systems for heavy-duty trucks and other applications. Volvo Group will acquire 50% of Daimler Truck Fuel Cell GmbH & Co. KG for approximately EUR 0.6 billion. Closing is expected in the first half of 2021.

Daimler Truck AG, its subsidiary Torc Robotics, and Luminar Technologies announced a strategic partnership to enable highly automated trucking (SAE Level 4) on highways. Daimler Trucks also acquired a minority stake in Luminar.

Senior plc's Flexonics Division in Germany has been awarded a contract by Daimler Truck AG to manufacture and supply Exhaust Gas Recirculation Bellows and Exhaust Manifolds for their Heavy-Duty Engine Platform. Ramp up to full production is expected by 2022.

Daimler Truck AG and Volvo Group signed an agreement to establish a 50/50 joint venture to develop, produce and commercialize fuel cell systems for heavy-duty vehicles, with Volvo acquiring 50% for approximately $554 million.

The Canadian Department of National Defence awarded Daimler Truck AG a contract valued at CAD 10,536,503,523 for transportation components and systems, with a duration from 2017-12-18 to 2027-03-31.

The Government of Canada awarded Daimler Truck AG a standing offer contract valued at CAD 39,623,822.35 for transportation components and systems spare parts, with a duration from 2017 to 2027.