Torc Robotics, with its headquarters in Virginia, US, specialises in developing Level 4 autonomous driving technologies.

The effort is aimed at raising capital to support the division’s around €600 million ($660 million) in annual spending.

Part of the Mercedes-Benz group, Daimler is one of the world's biggest makers of semi trucks, and that's not counting all the ...

Daimler AG’s truck unit is investing in a laser-sensor startup to bolster its development of self-driving trucks in the U.S. less than a week after striking a deal to use driverless technology ...

Daimler AG shareholders backed a plan to spin off the sprawling truck division from the Mercedes-Benz luxury car operations in a watershed decision to boost the valuation of both companies.

Daimler AG stated in a news release that as the publicly listed parent company, it will “perform the functions of governance, strategy and control, and will provide group-wide services.

Daimler Truck AG announced it is making significant changes to its management structure ahead of the spin-off and separate listing planned for late 2021.

Daimler AG said the settlement would bring costs of about $1.5 billion, while the civil settlement will bring a one-off charge of $875 million.

We believe that Daimler’s stock still has a 10% upside once the fear around the pandemic subsides. DDAIF trades at around $72 currently. It has recovered beyond its pre-Covid level. DDAIF stock ...

Daimler AG’s stock rose 11% over the last twenty-one trading days (one month), compared to the broader market (S&P500) rise of 2.6% A change of 11% or more over twenty-one trading days has a 12% ...

Daimler’s stock has gained 20% since the end of 2020, to $85 currently. The stock has been rising since the start of the year as the company continues recovery post the pandemic. In the recently ...

Daimler Truck Holding AG is looking for a partner for its autonomous-driving unit Torc Robotics Inc. to help fund the company’s significant investment needs, according to people familiar with the ...