GCC News 24
Business
Politics
Tech
Society
Green
Sports
Entertainment
Translate image English Down Arrow
The MTA Speaks| Prayer times| Weather Update| Gold Price
Follow Us: Facebook Instagram YouTube twitter

Daimler Truck's Q3 Profit Declines 40%, European Growth Persists

Daimler Truck's Q3 Profit Declines 40%, European Growth Persists

Post by : Bianca Haleem

Daimler Truck revealed a significant 40% decrease in its operating profit for the third quarter on Friday, underscoring the ongoing difficulties in its North American operations, although European markets are showing a rebound.

The company's adjusted earnings before interest and taxes (EBIT) totaled 716 million euros ($835 million), falling slightly short of analyst predictions of 729 million euros. However, order volumes remained stable at 93,923 units, buoyed by a recovery in North America following a weaker second quarter and encouraging demand signals from Europe.

The Trucks North America segment experienced a 64% drop in operating profit, totaling 257 million euros. This figure, while surpassing analyst expectations of 240 million euros, reflects the ongoing effects of lower freight activity and market uncertainties linked to import tariffs.

Meanwhile, Mercedes-Benz Trucks reported an adjusted EBIT of 319 million euros, short of the anticipated 329 million euros. The firm emphasized the resilience in European markets, which helped mitigate the decline in demand from North America.

Despite these varied results, Daimler Truck reaffirmed its full-year projections, expressing confidence that stable order volumes and regional recoveries are likely to help achieve its annual goals.

Nov. 7, 2025 1:08 p.m. 1579
Share Market

More Trending News

Featured Stories

Japan Sees 1% Decline in First-Half Tourist Arrivals Despite 20 Million Visitors
July 15, 2026 3:52 p.m.
Despite over 20 million arrivals in the first half, Japan experienced a 1% dip, largely due to a significant drop in Chinese tourists.
Read More
Final Phase of Air India Crash Investigation Underway
July 15, 2026 3:40 p.m.
The Air India crash probe has reached its final stage, with key analyses conducted and a cockpit transcript completed, according to the AAIB.
Read More
Malaysia Will Expel Any Israeli Detected: PM Anwar
July 15, 2026 3:34 p.m.
Prime Minister Anwar Ibrahim announces deportation of any Israeli found in Malaysia amid investigations linked to Johor.
Read More
Ajman Bank Lists $300M AT1 Sukuk on Nasdaq Dubai
July 15, 2026 3:15 p.m.
Ajman Bank lists its first $300 million AT1 Perpetual Sukuk on Nasdaq Dubai, strengthening capital and taking its listed Sukuk value to $800 million
Read More
Iran Claims Strikes on US Bases in Bahrain and Kuwait
July 15, 2026 1:13 p.m.
Iran’s IRGC claims missile and drone strikes on US military facilities in Bahrain and Kuwait, following American attacks on Iranian coastal sites
Read More
Oman Customs Seizes Smuggled Tobacco and 302 Cartons of Cigarettes
July 15, 2026 11:44 a.m.
Oman Customs seized smuggled tobacco derivatives and 302 cartons of cigarettes stored for illegal distribution. Legal action has been initiated
Read More
Trump Drops Hormuz Cargo Fee, Eyes Major Gulf Investment Deals
July 15, 2026 11:24 a.m.
Donald Trump withdraws the proposed 20% Strait of Hormuz cargo fee, replacing it with major Gulf trade and investment deals while maintaining an Iran-only block
Read More
GCC, EU Call for Stronger Partnership Amid Regional Security Risks
July 15, 2026 11:11 a.m.
GCC and EU leaders discuss regional security, Iran, Strait of Hormuz, trade, energy cooperation and Egypt's new Arab trade corridors to Europe
Read More
Thailand Maintains Visa-Free Entry for Indian Citizens
July 15, 2026 10:35 a.m.
Indian tourists can visit Thailand without a visa, now with a limited stay of 30 days instead of 60 days.
Read More
Sponsored
Trending News
Embracing Life's Unpredictability: Trust in Your Journey

Embracing Life's Unpredictability: Trust in Your Journey

Explore how embracing life's uncertainties and trusting the process can lead to growth and new oppor
June 26, 2026 12:59 p.m. 632
Casualties Mount in Lebanon as Israeli Airstrikes Persist Amid Fragile Ceasefire

Casualties Mount in Lebanon as Israeli Airstrikes Persist Amid Fragile Ceasefire

Lebanon says 4,175 people have been killed and over 12,000 injured since Israeli attacks began in Ma
June 23, 2026 10:05 a.m. 890
Sprinkler Malfunction Interrupts World Cup Match at Gillette Stadium

Sprinkler Malfunction Interrupts World Cup Match at Gillette Stadium

A sprinkler malfunction at Gillette Stadium caused a water leak during halftime of the Iraq vs Norwa
June 17, 2026 5:16 p.m. 811
Kyiv’s Historic Monastery May Need Two Years for Full Restoration After Strike Damage

Kyiv’s Historic Monastery May Need Two Years for Full Restoration After Strike Damage

Kyiv’s historic Pechersk Lavra monastery suffered major damage in a recent attack, and repairs could
June 17, 2026 12:11 p.m. 860
Vozinha Becomes World Cup Hero After Spain Masterclass

Vozinha Becomes World Cup Hero After Spain Masterclass

Cape Verde goalkeeper Vozinha stunned Spain with a brilliant display in a historic World Cup draw, g
June 16, 2026 10:52 a.m. 1383
India A-Sri Lanka A Clash Sparks Vaibhav Controversy

India A-Sri Lanka A Clash Sparks Vaibhav Controversy

Young India A batter Vaibhav Sooryavanshi was involved in a heated altercation after Sri Lanka A's S
June 16, 2026 10:24 a.m. 727
Rashmika's Sweet Gesture For Vijay Goes Viral Online

Rashmika's Sweet Gesture For Vijay Goes Viral Online

Rashmika Mandanna was seen helping Vijay Deverakonda during a scholarship event in Telangana, sparki
June 15, 2026 6:13 p.m. 731
Nine Killed as Russian Shelling Hits Kyiv and Kharkiv

Nine Killed as Russian Shelling Hits Kyiv and Kharkiv

Russian attacks on Kyiv and Kharkiv leave nine dead and dozens injured, including rescue workers and
June 15, 2026 2:51 p.m. 672