Daimler innovates with trucks to haul stock to $72
A new vehicle line will have improved maneuverability to meet the requirements of short-radius distribution.
The truck series will be available in a plethora of options to appeal to a wide range of consumers having a variegated set of requirements.
Daimler AG has also stepped up its focus on Indian market for trucks recently with the company planning to launch a truck line tailored to the needs of Indian consumers.
We currently have a price estimate of $72 for Daimler's stock, which is well above its market price.
Versatility is the appeal
Mecedes-Benz plans to launch its short radius trucks called Antos later in the year. The trucks offer improved maneuverability designed to meet the requirements of short-radius distribution industry.
The Mercedes Antos will be available in a total of 67 different wheelbase lengths, with axle spacing ranging from 2,650 mm to 6,700 mm. The truck series will be powered by BlueEfficiency Euro 6 engines and available in 13 power categories ranging from 238 hp to 510 hp and are likely to appeal to consumers in sectors such as food industry where the requirement is for a vehicle which is easy to operate and offering a broad spectrum of engine power which can cope with varying loads and conditions. Antos will be offered as either a platform truck or a tractor unit and will be available in two different cabin sizes.
Recently, the company also unveiled its plans to launch 18 new models in India within the next 18 months under the name BharatBenz. To build the line of trucks, the company has invested $850 million in a facility in India, which is Daimler's largest greenfield investment outside of Europe. Daimler is positioning these trucks as highly efficient, low maintenance vehicles that can withstand tough environmental conditions.
More from Trefis
Copyright © 2014 Microsoft. All rights reserved.
Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.
'We're not exactly in a uniformly strong market,' says the notably pessimistic newsletter publisher.
VIDEO ON MSN MONEY
Top Stocks provides analysis about the most noteworthy stocks in the market each day, combining some of the best content from around the MSN Money site and the rest of the Web.
Contributors include professional investors and journalists affiliated with MSN Money.
Follow us on Twitter @topstocksmsn.