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Daimler Truck acquires ~10% stake in machinery manufacturer Manz; pilot line for battery cells and battery assembly

Daimler Truck AG will become a major anchor shareholder in German high-tech engineering company Manz AG through a capital increase of around 10%, subject to approval by the relevant antitrust authorities. In addition, in a first step both companies have signed a cooperation agreement on a strategic partnership to establish...
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Daimler Aims to Build Hydrogen-Fueled Long-Haul Trucks

Daimler’s Truck Unit Maps Plans to Replace Diesel With Hydrogen Electric cars get all the attention, but truckmakers are also under pressure to shift from fossil fuels to electricity. A prototype of Daimler’s GenH2 hydrogen-powered truck. Daimler has set a goal of selling trucks powered by hydrogen fuel cells by 2027.Credit...Daimler May 23, 2021, 5:00 a.m. ET Carmakers have been promising to scrap the internal combustion engine, and now it’s the truckmakers’ turn. But the makers of gia...
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