Daimler Truck Earnings Slump on ‘Very Weak’ North America Market

Daimler Truck Holding AG said uncertainty over tariffs and a sluggish freight market in North America is pushing customers to postpone truck purchases, leading profit to decline during the third quarter.

Adjusted earnings before interest and tax slumped 40% in the three months through September, the world’s biggest truckmaker said Friday. Daimler Truck, which twice cut its financial guidance this year, left its outlook intact, though meeting its targets will depend on US trade policy and supply chain challenges.

The North American market was “very weak” with customers remaining in a “cautious wait-and-see-mode,” the company said.

More than Germany’s major ...