Sypris Solutions awarded additional volume with Daimler Truck unit

Sypris Technologies (SYPR) announced that it has entered into an amendment to its current supply agreement with Detroit Diesel Corporation, DDC, a subsidiary of Daimler Truck North America (DTRUY). The amendment adds a new series of part numbers to its agreement with DDC for drivetrain components used in DDC’s Detroit(R)-branded drive axles. The components produced by Sypris are essential to the performance of the drive axles of Freightliner’s heavy-duty vehicles. Production of these additional part numbers under the amended contract are expected to commence in early 2023. No other terms or conditions of the agreement were disclosed. Commenting on the announcement, Federico Aviles, Vice President and General Manager of Sypris Technologies Mexico, S. de R.L. de C. V., stated, "We are pleased to expand our strategic relationship with Daimler Truck, which is now entering its 18th year. Daimler Truck is a global leader in the commercial vehicle industry and we are proud to serve as a partner by supplying quality products to support its reputation for high performance and durability."