Daimler Truck Unveils Ambitious $2.34 Billion Stock Repurchase Plan
A Mercedes-Benz eActros electric truck. (Krisztian Bocsi/Bloomberg)
Citing data from Daimler truck Holding AG, the company plans to repurchase $2.34 billion worth of its shares as part of its ongoing strategy to reward shareholders while navigating the shift towards low-emission vehicles.
This buyback initiative is slated to kick off in the latter half of 2025 and could extend over a two-year period. This news comes just ahead of a meaningful capital markets day on july 8, where Daimler is anticipated to reveal new medium-term objectives.
The automotive leader is working hard to enhance its market position amid sluggish demand and the expensive transition toward zero-emission technologies.
After experiencing a decline in truck and bus sales by 5% during Q2, Daimler is also expected to announce cost-cutting measures on July 8.
Tune into today’s daily briefing below or check out more details here:
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