DaimlerChrysler Posts Gains in Commercial Vehicles

April 30, 2004
DaimlerChrysler, whose holdings include Freightliner, Sterling Trucks and Western Star Trucks, announced scoring a brisk 18% increase in unit sales to 125,800 vehicles in its commercial vehicles division for the first quarter over 1Q 2003. Revenues rose 13.8% to 6.6 billion Euros ($7.9 billion) over the same period last year, while operating profits soared nearly six-fold to 268 million Euros ($321

DaimlerChrysler, whose holdings include Freightliner, Sterling Trucks and Western Star Trucks, announced scoring a brisk 18% increase in unit sales to 125,800 vehicles in its commercial vehicles division for the first quarter over 1Q 2003.

Revenues rose 13.8% to 6.6 billion Euros ($7.9 billion) over the same period last year, while operating profits soared nearly six-fold to 268 million Euros ($321 million) from last year’s 47 million Euros ($56 million). The company cites good volumes and efficiency-enhancing programs for the dramatic improvement in its bottom line.

Commercial vehicle sales in its NAFTA arm— which comprises Freightliner, Sterling, Western Star, and Thomas Built Buses— jumped 38% to 36,700 vehicles. Its European and South American divisions, comprising Mercedes-Benz, posted a 23% sales increase to 26,800 vehicles. Its Asian arm, comprising Mitsubishi Fuso Truck and Bus Corp., upped sales of trucks and buses 21% to 56,200 units.

DaimlerChrysler predicts its commercial vehicles division will increase its operating profit throughout 2004.

Voice your opinion!

To join the conversation, and become an exclusive member of FleetOwner, create an account today!

Sponsored Recommendations

What challenges are top of mind for fleet professionals in 2025? Get exclusive insights from the 2025 Fleet Trends Survey and discover where the industry is headed next.
The most successful fleets accomplish more than delivering freight. To accomplish this, fleets need a fuel that’s reliable, more economical and more sustainable. That fuel is ...
Are your KPIs driving real fleet improvement? Learn how to set smarter, data-driven benchmarks, track success like top-performing fleets, and apply proven strategies to optimize...
Learn how eets can enhance truck utilization and minimize safety incidents using business intelligence and AI. Delve into innovative practices, technology integration and real...