Daimler Truck North America
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Daimler Truck North America
Daimler Truck North America LLC (formerly Freightliner Corporation) is an automotive industry manufacturer of commercial vehicles headquartered in Portland, Oregon, and LLC of the German multinational Daimler Truck AG. On October 1, 2021, Daimler AG stockholders approved a spinoff of the truck division. Brands * Alliance Parts * Detroit Diesel *Freightliner Trucks *Freightliner Custom Chassis Corporation *Freightliner SelecTrucks *Thomas Built Buses *Western Star Trucks *Demand Detroit *Sterling Trucks Fuso Trucks America, while mostly owned by Daimler Truck, currently operates separately from Daimler Trucks North America. History Early years *1896- Gottlieb Daimler creates the first truck. *1923- First diesel truck: Benz *1926- Daimler and Benz merge. *1942- Leland James founds the Freightliner Corporation. *1947- Freightliner opens its first truck plant in Portland, Oregon. *1950- Hyster Company is the first private carrier to order a Freightliner truck. *1951- Freight ...
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Limited Liability Company
A limited liability company (LLC for short) is the US-specific form of a private limited company. It is a business structure that can combine the pass-through taxation of a partnership or sole proprietorship with the limited liability of a corporation. An LLC is not a corporation under state law; it is a legal form of a company that provides limited liability to its owners in many jurisdictions. LLCs are well known for the flexibility that they provide to business owners; depending on the situation, an LLC may elect to use corporate tax rules instead of being treated as a partnership, and, under certain circumstances, LLCs may be organized as not-for-profit. In certain U.S. states (for example, Texas), businesses that provide professional services requiring a state professional license, such as legal or medical services, may not be allowed to form an LLC but may be required to form a similar entity called a professional limited liability company (PLLC). An LLC is a hybrid le ...
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