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Daimler to Spin off Truck Division, Change Name to Mercedes-Benz Published February 4th, 2021 - 07:30 GMT The truck and bus division has more than 100,000 employees and makes Freightliner trucks and Thomas Built buses. (Shutterstock) German automaker Daimler will split itself into two independent companies by spinning off its truck and bus division, a move the company said would give both the freedom to operate more nimbly in a fast-changing environment focused on zero-emission vehicles and software. The Stuttgart-headquartered company said Wednesday that a significant majority stake in...

Daimler to split into 2 entities DAVID McHUGH | Associated Press FRANKFURT, Germany – German automaker Daimler will split itself into two independent companies by spinning off its truck and bus division, a move the company said would give both the freedom to operate more nimbly in a fast-changing environment focused on zero-emission vehicles and software. The Stuttgart, Germany-headquartered company said Wednesday that a significant majority stake in the truck business would be distributed to current stockholders, and that Daimler would “at the appropriate time” be renamed Mercedes-Benz...

Company Overview About Daimler Trucks North AmericaManufacturer of Western Star and Freighliner trucks, Thomas Built buses, and Detroit Diesel engines Company Details

Daimler to split in two companies, Daimler Truck to focus on EV, self-driving MarketWatch 2/3/2021 Daimler to rename itself Mercedes-Benz, spin off trucking unit Replay Video UP NEXT Germany's Daimler AG the company behind well-known auto brands such as Mercedes Benz and truck and bus makers Freightliner and Thomas Built, said Wednesday it plans to split into two standalone companies, spinning off Daimler Truck, which will focus on electric vehicles and self-driving. The other part of the business will be renamed Mercedes-Benz "at the appropriate time," the company said, and aim to be t...

German automaker Daimler will split itself into two independent companies by spinning off its truck and bus division, a move the company said would give both the freedom to operate more nimbly in a fast-changing environment focussed on zero-emission vehicles and software. The Stuttgart-headquartered company said Wednesday that a significant majority stake in the truck business would be distributed to current shareholders, and that Daimler would “at the appropriate time” be renamed Mercedes-Benz, the brand name under which it sells luxury cars. CEO Ola Kallenius said the decision was mad...