Daimler is also a world leader in industrial trucks, which make up more than a quarter of revenues.
Daimler is Germany's biggest industrial group, making aeroplanes, trucks and train equipment as well as cars.
Last year, the U.S. Department of Veterans Affairs decided that the link between air-borne dioxin (an ingredient in Agent Orange, and also a common air-borne pollutant emitted by waste incineration, some chemical manufacturing processes, cars and trucks, and other industrial sources that burn fuel) and diabetes was so strong, it compensated 270, 000 veterans for diabetes linked to dioxin exposure.
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He fired 30, 000 people, launched the successful Peugeot 205 minicar and signed production deals with Renault (industrial vehicles) and Fiat (light trucks).
Key customers include truck and industrial vehicle makers such as PACCAR, Volvo Trucks North America, Daimler Trucks North America, Chrysler and Komatsu.
Meanwhile, full-year sales of heavy-duty trucks, which are driven principally by industrial production, construction and infrastructure spending, are only expected to reach 700, 000 to 750, 000 units this year, down 15 percent to 20 percent from 2011.
Auto-Tires-Trucks by 12.2%, Basic Industrial by 24.5%, Multi-Sector Conglomerates by 12.5% and Oils-Energy by 23.7%.
Its engine segment (49% of net sales in 2010) produces a wide range of engines that run on diesel and natural gas used in heavy-, medium- and light-duty trucks, buses, automobiles, RVs, and industrial vehicles.
And that morning traffic is an endless succession of trucks and work vehicles bearing the names of companies and industrial concerns: Ganoe Paving.
Folz has maintained the joint ventures formed by his predecessor with Fiat in light trucks and with Renault in engines, gear boxes and industrial vehicles.
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