Core Insights - Daimler is facing a significant decline in revenue and unit sales due to a persistent freight recession, particularly impacting its North American market [3][5]. - The company reported a 33% drop in Q3 revenue, falling to 4 billion euros from 6 billion euros a year ago, and a 39% decrease in unit sales [3][4]. - Full-year sales guidance has been revised down to between 135,000 to 155,000 units, a substantial decrease from 308,000 units in 2024 [3][5]. Financial Performance - Q3 revenue decreased to 4 billion euros, reflecting a 33% decline compared to the same quarter last year [3]. - Unit sales in Q3 dropped to 30,225, down 39% from 49,346 units in the same period of 2024 [3]. - Year-to-date Class 8 truck sales reached 200,000, marking a 12% decline year-over-year, with Q3 sales specifically down 20% [4]. Market Conditions - The freight recession is leading to reduced ordering activity and margin pressure in North America, with CFO Eva Scherer noting a "sharp contraction" in the U.S. market [3][5]. - Customer sentiment in North America remains cautious, with a "wait-and-see" attitude prevailing until freight rates improve [4]. - Existing tariffs are negatively impacting profitability, with a "low triple-digit million" euro hit anticipated this year [4]. Production and Strategy - Daimler is actively engaging with the U.S. administration regarding Section 232 tariffs and exploring mitigation measures through its flexible production network [5]. - Despite current market challenges, the existing order backlog is sufficient to meet the revised sales guidance for 2025 [5][6].