Daimler Truck will launch the second tranche of its share buyback programme, worth up to €1.1 billion ($1.3 billion), immediately after completing the first tranche by mid-September, the company confirmed. The next phase of the buyback is set to run through the end of June 2027, according to details set out by Chief Financial Officer Eva Scherer.
The announcement accompanied confirmation of Daimler Truck's pre-announced second-quarter results, which included an 18% drop in adjusted operating profit to €838 million.
The buyback extension follows a raised 2026 profit forecast issued last month, which Daimler Truck attributed to improving business conditions in the United States. The company cited higher expected unit sales at its North American arm and a lower tariff burden for the remainder of the year as the basis for the upgraded outlook. That improvement followed approval by the U.S. Department of Commerce of Daimler Truck's U.S. Content application, which updated the company's tariff framework with an effective date of November 1, 2025.
Separately, the owner of U.S. truck brand Freightliner said it would build a new manufacturing facility in the United States as part of a plan to expand its North American footprint. The company is evaluating several potential locations, with construction expected to start in late 2026 and production scheduled to begin in 2029.
The buyback programme's confirmed timetable through June 2027 runs alongside a facility commitment whose construction start and production date extend well beyond that window, giving the group two separately dated commitments on its books over the coming years: a near-term distribution schedule and a longer-term production build-out.
