Influence of Daimler Truck on the DAX 40
With a weighting of approximately 1.49% within the DAX 40 (reference date December 2024), Daimler Truck represents an important industrial share within the index. View the composition of the DAX 40 and the weighting of all companies in the DAX 40 here. The share price is influenced by global transport demand, oil and energy prices, investment cycles in infrastructure and regulations around emissions. Key growth areas lie in electric mobility, automation and digital fleet management. In addition, macroeconomic developments in the United States and Europe play a role, given those regions' share of sales. The progress of the cost-cutting program in Europe and the planned stock market expansion of the Asian joint venture may also have price impacts.
Investment analysis & outlook
The chart below compares Daimler Truck's share price performance with that of the EURO STOXX 50. Both show a similar pattern. However, Daimler Truck has lagged slightly behind the broader index over this period.
At the beginning of 2024, Daimler Truck's share price shot up following the publication of strong annual figures for 2023 and the announcement of a €1 billion cost-cutting program in Europe, which significantly boosted investor confidence. The share price appreciated sharply during this period, but that recovery proved short-lived. A sharp correction followed shortly thereafter, as the company had to lower its 2025 outlook due to declining demand in Europe and uncertainty in the North American market.
The first quarter of 2025 saw renewed pressure on the share price, this time from rising trade tensions and the threat of import tariffs. Since then, the stock has been making a cautious recovery. Further price development will depend heavily on international trade developments and general stock market sentiment.
Despite this volatility, the long-term outlook remains favorable. Thanks to targeted investments in electric and hydrogen trucks and a clear focus on sustainability, digitalization, and efficiency, Daimler Truck is seen as a future-proof player within the industry. The analyst consensus is at a price target of €44.53, with upside potential in favorable market conditions. For investors who believe in the transformation of the transportation landscape, the stock offers an interesting opportunity, provided one is aware of the sector's economic dependence.
News & updates
In March 2025, Daimler Truck announced that it wants to reduce costs within Mercedes-Benz Trucks Europe by €1 billion by 2030. It also announced the merger of its Asian subsidiaries, FUSO and Hino (Toyota), into a new entity, with a planned IPO in 2026. It also reported 17% growth in electric truck deliveries in the fourth quarter of 2024. Investments in battery technology and hydrogen remain high on the agenda, as do digital fleet management services. Combined with these initiatives, Daimler Truck confirms its role as an innovative pioneer within the global trucking industry.
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