Daimler Truck announces 2 bln eur share buyback https://t.co/WA7aWd8NpQ https://t.co/WA7aWd8NpQ
Daimler Truck will buy back €2 billion of its own shares, extending a policy of returning cash to shareholders even as the transition to low-emission vehicles adds to costs https://t.co/esBjFVkI08
Daimler Truck announces plans to repurchase shares worth up to €2 billion.
Daimler Truck Holding AG said it will repurchase up to €2 billion ($2.35 billion) of its own stock over a two-year period beginning in the second half of 2025. The company will acquire the shares on the market and intends to cancel them, effectively reducing its share count and returning cash to investors. The German manufacturer, one of the world’s largest truckmakers, framed the buyback as a continuation of its shareholder-return policy even as it spends heavily on low-emission technologies. Daimler Truck is investing in battery-electric and hydrogen-powered vehicles to meet tightening emissions rules but said the balance-sheet strength created since its 2021 spin-off from Daimler AG allows it to fund both capital spending and the new buyback.