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Daimler Truck surges 13% to new record on bumper earnings, buyback announcement

**Article Analysis:**

**Highlights:**

1. Daimler Trucks, the world’s largest truckmaker, is facing production backlog due to supply chain disruptions.
2. The company hit a fresh all-time high after announcing record full-year profit of $5.5 billion euros for 2023 and a 2 billion euro ($2.16 billion) share buyback program.
3. Daimler’s Chairman Martin Daum mentioned that despite a record year in 2023, revenue and earnings are expected to remain flat in 2024 due to “difficult economic conditions.”


Editorial content by Blake Sterling

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