Daimler Truck Holding AG

Daimler India Commercial Vehicles, the BharatBenz maker and Daimler Truck subsidiary, has signed a non-binding facilitation memorandum of understanding with the state of Tamil Nadu for a proposed Rs40bn investment. The commitment would bring DICV's total investment in India to over Rs145bn. The funds are earmarked for BharatBenz product development, manufacturing, research and development, infrastructure and technology readiness, with the initiative expected to generate roughly 400 jobs over the proposed timeframe. DICV runs a 400-acre integrated manufacturing and R&D site at Oragadam, near Chennai, where it employs more than 4,000 staff and works with over 400 local suppliers. The company sources around 92% of BharatBenz product value from its Indian supplier network and has exported more than 75,000 trucks and buses along with over 330 million parts to upwards of 70 markets.

Daimler Truck Holding AG raised its full-year 2026 guidance for adjusted EBIT, unit sales, revenue, and free cash flow, driven by a stronger outlook for Trucks North America. Group revenue rose 5% year-over-year to EUR12.3 billion, while adjusted EBIT reached approximately EUR800 million. However, adjusted EBIT for the industrial business declined 22% year-over-year in Q2, primarily due to significant tariff headwinds in North America, and the company recorded an impairment loss of EUR297 million on its ARCHION investment. Trucks North America showed a strong sequential recovery, with adjusted EBIT more than doubling from Q1 to EUR435 million, and order intake surging 156% year-over-year. The company also announced a new EUR1.1 billion share buyback tranche and received approval for its US content application, which is expected to reduce tariff headwinds in the second half of 2026.

Aeva Technologies reported a narrower-than-expected adjusted loss of 41 cents per share for the second quarter of 2026, beating the Zacks Consensus Estimate and improving from a loss of 44 cents a year ago. Revenues rose 11.3% to $6.1 million, slightly above the $6 million consensus, driven by professional service revenues that nearly tripled to $3.6 million, offsetting a 39.4% decline in product revenues to $2.5 million. Gross profit swung to $2.2 million from a year-ago loss of $2.7 million, with gross margin reaching 35.7% compared with negative 49.4%, as total cost of revenues fell sharply to $3.9 million from $8.2 million. Operating expenses increased 14.1% to $36.7 million, and the GAAP net loss narrowed to $79.6 million from $192.7 million, aided by a smaller fair-value loss on warrant liabilities. The company also launched an Optical Connectivity business for AI data centers, signed a joint development agreement with a hyperscaler, and advanced automotive programs with Bendix and Daimler Truck, while ending the quarter with $302.9 million in total available liquidity after a $115 million follow-on offering.

Toyota Motor has signed a binding agreement to become an equal shareholder in cellcentric, a developer and manufacturer of hydrogen fuel cell systems for heavy-duty commercial vehicles. The agreement places Toyota alongside Daimler Truck and Volvo Group as equal partners in the venture. The move brings Toyota into closer collaboration with the two truck makers in heavy-duty fuel cell systems and adds another piece to the company's hydrogen and commercial transport strategy.

German stocks moved higher on Tuesday, with the benchmark DAX up 85.61 points or 0.34% at 25,510.02 by noon, extending gains from the previous session. Automakers were broadly higher following reports that France and Germany are pursuing a new initiative to revive the auto industry, with Volkswagen surging 3.6% and Mercedes-Benz rallying 4%. Mercedes-Benz Group reported a second-quarter net profit of 1.065 billion euros, up from 915 million euros a year earlier, while Daimler Truck Holding and BMW moved up 3.75% and 3.7% respectively. Among other gainers, Rheinmetall jumped more than 4% and MTU Aero Engines climbed 3.7%, while Siemens Energy and Infineon Technologies shed 2% and 1.9% respectively.

Mexico's heavy-duty truck manufacturing sector rebounded in June, with production rising 7.6% year over year to 15,262 units and exports climbing 3.2% to 12,730 units, according to INEGI and Anpact. The June performance marked the first time since August 2024 that the industry recorded simultaneous year-over-year growth in wholesale sales, production, exports, and retail sales. Freightliner led production with 9,379 trucks, a 9.6% increase, while International Trucks manufactured 4,181 units, up 11.6%. Despite the monthly gains, first-half production fell 13% to 70,876 units and exports dropped 14.5% to 58,260 units compared to the same period in 2025. Anpact President Rogelio Arzate urged preservation of USMCA rules of origin, noting that member companies already meet 64% regional content and are on track for the 70% requirement by 2027.

Accenture has entered a multi-year engineering partnership with Coretura, the Daimler Truck and Volvo Group joint venture, to build a unified software platform for commercial vehicles including trucks and buses across multiple brands. The deal extends Accenture's role beyond consulting and IT services into core automotive software engineering and platform development. The collaboration places Accenture inside commercial vehicle software programs designed for very long product lifecycles, with potential for recurring platform and services work. The move highlights a push into software-defined vehicles and AI-backed engineering support without relying on short-term demand cycles.