Daimler Truck Sees Rising Prices in 2022, Little Impact From Ukraine

Daimler Truck Sees Rising Prices in 2022, Little Impact From Ukraine
The logo of Freightliner Trucks is seen on a steering wheel in a yard in Mejicanos, El Salvador, on Aug. 16, 2018. Jose Cabezas/Reuter
Reuters
Updated:

BERLIN—Daimler Truck expects high raw material prices to drive price increases this year but limited impact from events in Ukraine, the German truck and bus maker said on Thursday.

Unlike competitors, including Traton’s MAN, it does not source wire harnesses from Ukraine, CEO Martin Daum said, while finance chief Jochen Goetz said Russia and Ukraine accounted for just 1 percent of the firm’s sales.