Daum replaces Bernhard as Daimler Trucks chief

STUTTGART, GERMANY - Martin Daum will lead Daimler Trucks and Daimler buses as a member of the board of management effective March 1, the company has announced. The appointment is for five years. Daum has been president and Chief Executive Officer of Daimler Trucks North America since 2009, overseeing Freightliner, Western Star, Thomas Built Buses, Freightliner Custom Chassis, and Detroit Diesel. Prior to that he was a member of the management team at Mercedes-Benz Trucks in Europe, and vice president - production for Mercedes-Benz Trucks, as well as being responsible for the world's biggest truck plant in Worth.

Daimler truck and bus chief resigns

STUTTGART, GERMANY -- Dr. Wolfgang Bernhard is stepping down as the head of Daimler Trucks and Buses a year before his contract expired, citing personal reasons. Chief executive Dr. Dieter Zetsche will head the business unit until a successor is appointed. "We regret this resolution, but we have a number of outstanding managers to succeed. We thank Wolfgang Bernhard for his committed work and respect his personal decision," stated Manfred Bischoff, chairman of the supervisory board.

Daimler CEO talks growing share, struggling market

LAS VEGAS, NV - It's a tough market for truck sales these days, but Daimler Trucks North America president and Chief Executive Officer Martin Daum still sees a "light at the end of the tunnel" - and is setting firm goals for the year to come. Where Canadian Class 8 sales were up 6% in 2014 and 3% in 2015, they are down 24% this year. Daum expects 360,000 Class 6-8 trucks to be sold in the NAFTA region this year, down dramatically from 424,000 units last year, and even the 384,000 in 2014.

European truck makers fined billions for price fixing

BRUSSELS, BELGIUM -- The European Union is fining five truck makers nearly 3 billion euros (Cdn $4.3 billion) for acting as a cartel to fix prices of medium and heavy-duty trucks and time the introduction of technologies to comply with emissions rules. It's the highest fines ever imposed by the EU for a single cartel - twice the previous highest amount, imposed in 2012, according to Margrethe Vestager, the European Union's competition commissioner, in a statement. MAN (now owned by Volkswagen), Daimler, DAF (owned by Paccar), Iveco and Volvo/Renault -- which together account for around nine out of every 10 medium and heavy trucks sold in Europe -- had been working together for 14 years, from 1997 until the European Commission's investigation in 2011 put a stop to it.