Stuttgart / Blacksburg - Torc Robotics, an independent subsidiary of Daimler Truck, is opening a technology and software development center in Stuttgart, Germany. Torc is a leader in SAE Level 4 self-driving vehicle software for heavy-duty vehicles. Torc Europe GmbH will tap into the available talent pool in one of Germany’s prime automotive regions. The team will support the ongoing development of the Level 4 autonomous virtual driver for deployment in autonomous trucks in the United States.
Torc Europe GmbH is an independent entity and is a 100% subsidiary of Torc, Inc. Its office is located in Stuttgart’s district Untertuerkheim, in close proximity to an existing Daimler Truck R&D facility and not far from the Daimler Truck headquarter. Torc Europe is now hiring software engineers, data scientists, and architects in the areas of systems, safety, validation, and product development.
“Torc is working closely with Daimler Truck to optimize the entire product stack including the virtual driver, sensing and computer hardware, and the redundant chassis, to be the first company to launch a scalable and profitable self-driving product,” said Torc Founder and CEO Michael Fleming. “Torc’s Stuttgart technology and software development center will leverage the deep automotive and trucking technical and product expertise to make this a reality.”
Torc and Daimler Truck are collaboratively pursuing a common goal of developing and bringing autonomous trucks for long-haul trucking to the roads within the decade. In 2019, Daimler Truck invested a majority share in Torc, the first autonomous vehicle (AV) company to enter an integrated partnership with a truck original equipment manufacturer (OEM). Torc and Daimler Truck, with its North American entity, are currently ramping up development and testing in the United States. Torc’s testing facility in Albuquerque, New Mexico, allows daily, multi-shift runs of Torc’s autonomous test trucks on highways in New Mexico and Texas.
About Torc Robotics
Torc Robotics, headquartered in Blacksburg, Virginia, is an independent subsidiary of Daimler Truck AG, a global leader and pioneer in trucking. Founded in 2005 at the birth of the self-driving vehicle revolution, Torc has 16 years of experience in pioneering safety-critical, self-driving applications. Torc offers a complete self-driving vehicle software and integration solution and is currently focusing on commercializing self-driving trucks. “Trucking is the backbone of the United States economy, delivering food and products to every community in the country,” said Torc CEO and Founder Michael Fleming. “Daimler Truck has led innovation in trucking for more than a century, from the first truck, to driver assist technology. Torc is working with Daimler Truck to commercialize self-driving trucks to make our roads safer and better, fulfilling our mission of saving lives.”
Contact:
Paul Mandaiker, +49 176 30999267, paul.mandaiker@daimlertruck.com
Peter Smodej, +49 (0) 176 30936446, peter.smodej@daimlertruck.com
Further information on Daimler Truck are available at:
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Forward-looking statements:
This document contains forward-looking statements that reflect our current views about future events. The words “anticipate,” “assume,” “believe,” “estimate,” “expect,” “intend,” “may,” ”can,” “could,” “plan,” “project,” “should” and similar expressions are used to identify forward-looking statements. These statements are subject to many risks and uncertainties, including an adverse development of global economic conditions, in particular a decline of demand in our most important markets; a deterioration of our refinancing possibilities on the credit and financial markets; events of force majeure including natural disasters, pandemics, acts of terrorism, political unrest, armed conflicts, industrial accidents and their effects on our sales, purchasing, production or financial services activities; changes in currency exchange rates, customs and foreign trade provisions; a shift in consumer preferences towards smaller, lower-margin vehicles; a possible lack of acceptance of our products or services which limits our ability to achieve prices and adequately utilize our production capacities; price increases for fuel or raw materials; disruption of production due to shortages of materials, labor strikes or supplier insolvencies; a decline in resale prices of used vehicles; the effective implementation of cost-reduction and efficiency-optimization measures; the business outlook for companies in which we hold a significant equity interest; the successful implementation of strategic cooperations and joint ventures; changes in laws, regulations and government policies, particularly those relating to vehicle emissions, fuel economy and safety; the resolution of pending government investigations or of investigations requested by governments and the conclusion of pending or threatened future legal proceedings; and other risks and uncertainties, some of which are described under the heading “Risk and Opportunity Report” in this Annual Report. If any of these risks and uncertainties materializes or if the assumptions underlying any of our forward-looking statements prove to be incorrect, the actual results may be materially different from those we express or imply by such statements. We do not intend or assume any obligation to update these forward-looking statements since they are based solely on the circumstances at the date of publication.
Daimler Truck at a glance
Daimler Truck Holding AG ("Daimler Truck") is one of the world's largest commercial vehicle manufacturers, with over 40 main locations and more than 100,000 employees around the globe. The founders of Daimler Truck have invented the modern transportation industry with their trucks and buses a good 125 years ago. Unchanged to this day, the company's aspirations are dedicated to one purpose: Daimler Truck works for all who keep the world moving. Its customers enable people to be mobile and get goods to their destinations reliably, on time, and safely. Daimler Truck provides the technologies, products, and services for them to do so. This also applies to the transformation to CO2-neutral driving. The company is striving to make sustainable transport a success, with profound technological knowledge and a clear view of its customers' needs. Daimler Truck's business activities are structured in five reporting segments: Trucks North America (TN) with the truck brands Freightliner and Western Star and the school bus brand Thomas Built Buses. Trucks Asia (TA) with the FUSO and BharatBenz commercial vehicle brands. Mercedes-Benz (MB) with the truck brand of the same name. Daimler Buses (DB) with the Mercedes-Benz and Setra bus brands. Daimler Truck's new Financial Services business (DTFS) constitutes the fifth segment, the product range in the truck segments includes light, medium and heavy trucks for long-distance, distribution and construction traffic and special-purpose vehicles used mainly in the municipal and vocational sector. The product range of the bus segment includes city buses, school buses and intercity buses, coaches and bus chassis. In addition to the sale of new and used commercial vehicles, the company also offers aftersales services and connectivity solutions.
