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Daimler to split cars and trucks - motoring com au

Daimler to split cars and trucks Daimler to split cars and trucks February 04, 2021 Historic auto giant to be divided into Mercedes-Benz and Daimler Trucks One of the world’s oldest and largest auto-makers is changing its name again, as part of a major restructure of its business that will see Daimler AG’s car and van operations split from its truck and bus division. The German auto giant also announced its intention to rename itself simply as ‘Mercedes-Benz‘ at an appropriate time, providing further distinction between its car/van business and Daimler Truck, while its Daimler Mobility financial service teams will be redeployed to each of the two major company divisions.

Daimler to split into two pure-play companies: cars & vans, trucks & buses

Daimler to split into two pure-play companies: cars & vans, trucks & buses Daimler plans a fundamental change in its structure, splitting into two independent pure-play companies: Mercedes-Benz Cars & Vans, and Daimler Truck, which will be a spin-off the current Truck and Bus business. Daimler intends that a significant majority stake in Daimler Truck will be distributed to Daimler shareholders. The Daimler Truck business will have fully independent management, stand-alone corporate governance including an independent Chairman of the Supervisory Board, and is targeted to qualify as a DAX company. The transaction and the listing of Daimler Truck on the Frankfurt stock exchange is expected to be complete before year-end 2021. In addition, it is also Daimler’s intention to rename itself as Mercedes-Benz at the appropriate time.

Daimler spinning off truck business, renaming auto operation

Feb 04, 2021 Daimler AG announced this week it will split its commercial vehicle business from its luxury car operation later this year, listing the former as a second unit and renaming the latter as Mercedes-Benz. The move has been In a statement, Daimler AG said it is intended that a significant majority stake in Daimler Truck will be distributed to Daimler shareholders. Additionally, the Daimler Truck business will have fully independent management, stand-alone corporate governance including an independent Chairman of the Supervisory Board, and is targeted to qualify as a DAX company. The company says the listing of Daimler Truck on the Frankfurt stock exchange is expected to be complete before year-end 2021. The company s automotive business will rename itself as Mercedes-Benz at the appropriate time.

Daimler plant Konzern-Aufteilung in zwei Unternehmen

Daimler plant Konzern-Aufteilung in zwei Unternehmen
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