Daimler plans to rename itself Mercedes-Benz to focus on electric vehicles
(Mercedes-Benz)
Daimler has announced that it will rename itself Mercedes-Benz in the not too distant future.
The name change will come as part of a big shift in the company’s structure, which will see Daimler Trucks split off to become a separate business.
As it stands, Daimler AG is the parent company of a variety of different brands, including Mercedes-Benz and its various subsidiaries, as well as truck and bus makers.
However, splitting the truck division off into its own company will allow it to focus on maintaining its position as ‘the world’s largest truck and bus producer’ and work towards building zero-emission vehicles.
Daimler, the maker of Mercedes-Benz cars and trucks, is set to be called Mercedes-Benz, while the truck and bus business will be spun off and listed separately as Daimler Truck. Moving ahead, it will be […]
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 to spin-off commercial vehicle business
By Mike Brezonick03 February 2021 Daimler AG announced plans to split its commercial vehicle business, the largest of its type in the world, and its passenger car business into separate independent businesses.
Daimler AG has announced plans to fundamentally change its structure, including a spin-off of Daimler truck into a separate independent business.
The company’s Supervisory Board and Board of Management have agreed to evaluate a spin-off of its Truck and Bus business and begin preparations for a separate listing of Daimler Truck. A significant majority stake in Daimler Truck will be distributed to Daimler shareholders, the company said.
Daimler : plans separation into two pure-play companies and majority listing of Daimler Truck to accelerate into zero- emissions and software-driven future marketscreener.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from marketscreener.com Daily Mail and Mail on Sunday newspapers.