Daimler Truck Sets $2.34 Billion Share Buyback
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Daimler Truck Holding AG will buy back $2.34 billion of its own shares, continuing a policy of returning cash to shareholders while managing the transition to low-emission vehicles.
The repurchase program will start during the second half of 2025 and is set to run for as long as two years, Daimler Truck said July 7. The announcement comes ahead of a company capital markets day July 8, where the automotive giant is expected to unveil new medium-term targets.
Daimler Truck is trying to bolster its competitiveness as the industry contends with muted demand and a costly transition to zero-emission technologies.
The manufacturer, whose sales of trucks and buses fell 5% in the second quarter, is expected to announce cost reductions July 8.
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