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Daimler s Spinning Off Its Truck Business to Focus on Mercedes Mack Hogan © Lennart Preiss/Getty The German giant is spinning off the world s biggest truck and bus maker. Welcome to The Grid, R&T s quick roundup of the auto industry and motorsports news you should know this morning. Daimler Spinning Off Truck Business Daimler, the parent company of Mercedes-Benz, is restructuring itself. Seeking to court investors looking for a pure luxury automaker and electric vehicle play, it s spinning off its gigantic trucking unit, according to Reuters >P. Daimler Trucks, the largest commercial truck and bus manufacturer in the world, would see a majority of its shares divvied up between current Daimler shareholders. As a whole, the move may allow Mercedes-Benz to position itself on the market as a direct Tesla rival, perhaps attracting investors scared off by a Tesla valuation that s higher than the 10 largest automakers put together. The new company will be called

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