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Today, President Obama made a trip to a manufacturing plant for Daimler Trucks North America in Mount Holly, North Carolina.
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Key customers include truck and industrial vehicle makers such as PACCAR, Volvo Trucks North America, Daimler Trucks North America, Chrysler and Komatsu.
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Daimler sold 426, 000 trucks in 2011 and is targeting 500, 000 trucks by 2013 and 700, 000 trucks by 2020.
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Daimler also said the market for trucks would fall 5% due to the slow economy.
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Freightliner Trucks, a division of Daimler AG (ETR: DAI), said it would hire back some of the workers it laid off in 2009 as it adds another shift at its Cleveland, N.
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Daimler is also a world leader in industrial trucks, which make up more than a quarter of revenues.
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Among them is Daimler-Benz, which exports cars and trucks from American plants.
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Now, here at Daimler, you're not just building trucks.
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Daimler is Germany's biggest industrial group, making aeroplanes, trucks and train equipment as well as cars.
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