DAIMLER'S TRUCKS, LUXURY CARS TO GO THEIR SEPARATE WAYS
AppleMagazine|Ocotber 08, 2021
Daimler's truck and luxury car businesses are going their separate ways
DAIMLER'S TRUCKS, LUXURY CARS TO GO THEIR SEPARATE WAYS
Shareholders in Daimler AG, maker of Mercedes-Benz luxury cars, approved the spin-off of the company’s truck division, a move intended to let the world’s largest maker of trucks react faster to change and focus on the new low-emission technologies transforming the automotive industry.

The voting at an online shareholder meeting also means that Stuttgart-based Daimler will rename itself as Mercedes-Benz Group AG as of Feb. 1, 2022.

Daimler CEO Ola Kallenius said that “by unlocking the full potential of both companies, we are establishing two undisputed innovation leaders who will set the pace in the transformation of their industries.”

This story is from the Ocotber 08, 2021 edition of AppleMagazine.

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This story is from the Ocotber 08, 2021 edition of AppleMagazine.

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