Daimler Plans Separation into Two Pure-play Companies
Daimler plans a fundamental change in its structure, designed to unlock the full potential of its businesses in a zero-emissions, software-driven future. The Supervisory Board and the Board of Management of Daimler today agreed to evaluate a spin-off of its Truck and Bus business and begin preparations for a separate listing of Daimler Truck.
The presentation and recordings of the web-casts are available in the lower section on this page.It is intended 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.
This is a historic moment for Daimler. It represents the start of a profound reshaping of the company. Mercedes-Benz Cars & Vans and Daimler Trucks & Buses are different businesses with specific customer groups, technology paths and capital needs. Mercedes-Benz is the world’s most valuable luxury car brand, offering the most desirable cars to discerning customers. Daimler Truck supplies industry leading transportation solutions and services to customers. Both companies operate in industries that are facing major technological and structural changes. Given this context, we believe they will be able to operate most effectively as independent entities, equipped with strong net liquidity and free from the constraints of a conglomerate structure.
Views:0
- Daimler Truck Significantly Increase Sales, Revenue and Net Profit in 2021 2022-03-25
- Daimler Truck Sales See 20% Increase in 2021 2022-01-24
- Volvo, Daimler And Traton Agree On JV Charging Network for Europe 2021-12-27
- Three ConMet Plants Receive 2020 Masters of Quality Supplier Award from DTNA 2021-11-17
- Daimler Truck AG and Cummins Inc.Announce Global Plan for Medium-duty CV Engines 2021-02-24
- Daimler to Revamp China Plant to Make Mercedes-Benz-branded Actros Truck 2020-11-18
- Daimler and Volvo Sign Binding Agreement to Form a Fuel-cell Joint Venture 2020-11-03
- Mercedes-Benz Access to New Target markets with Actros F and Edition 2 2020-09-29
- Daimler Unveils GenH2 Hydrogen Fuel-cell Concept Truck 2020-09-23
- Daimler Presents ‘GenH2' Mercedes-Benz Fuel-Cell Concept Truck 2020-09-18
Submit Your Requirements, We Are Always At Your Service.
- BYD Stopped the Production of Fuel Vehicles
- Geely Began Test Runs of Green E-methanol Vehicles in Danmark
- 2022 SANY Global Dealer Summit Was Held Successfully Online
- BYD and Shell Partner on EV Charging across China and Europe
- Daimler Truck Significantly Increase Sales, Revenue and Net Profit in 2021
- Scania Year-end Report January-December 2021
- Hyundai Motor and Iveco Group Sign MOU to Explore Future Collaboration
- GAUSSIN Enters China, the Largest Truck Market in the World
- Over 1,200 Hydrogen-powered Vehicles Deployed for the Beijing Winter Olympics
- Chinese New Year Holiday Closure Notice
- China's Truck Exports Grew by 30% YOY to 63490 Units in January-February
- China's New Energy Heavy Trucks Grew Despite an Overall Slump
- Heavy-duty Truck sales in China Fell by 54% to 54,000 units in February
- SINOTRUK Achieves Sales of 27,725 Vehicles in January, 2022
- China’s Domestic Tractor Sales Exceed 40,000 Units in January
- 2021 JAC International Pickup Export Performance
- JAC Achieved a Great Result in 2021
- China's Truck Export in 2021 Reached a 10-year Peak
- Heavy-duty Truck Sales in China Fall 57 Percent on Year in January
- China Recorded Sales of 645000 Tractors in 2021