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The company traces its predecessors to the Seattle Car Manufacturing Company formed in 1905. In addition to its principal business, the company also has a parts division, a financial services segment, and manufactures and markets industrial winches. The company's stock is a component of the Nasdaq-100 and S&P 500 stock market indices.
Daimler Truck AG (holding company legal name Daimler Truck Holding AG) is the world's largest commercial vehicle manufacturer, with over 35 main locations worldwide and approximately 100,000 employees. [2] Daimler Truck AG is headquartered in Leinfelden-Echterdingen, Germany. It was a part of Daimler AG from November 2019 to December 2021. [1]
At 12:00 pm on Sunday, July 30, 2023, the company ceased operations due to financial problems. [ 7 ] [ 8 ] On August 6, 2023, it filed for Chapter 11 bankruptcy protection . [ 9 ] It owes $730 million to the federal government, which owns 30% of the corporation, as a result of the $700 million pandemic loan Yellow received in 2020. [ 10 ]
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