DAIMLER MAY SPLIT INTO THREE ENTITIES
In a press statement, Daimler says the project is set to strengthen the future viability of the business units and better utilise the potential for growth and earnings in the various markets. The decision is likely to be approved at a shareholders’ meeting of Daimler AG in 2019.
As a first step, Daimler says it will invest more than 100 million Euro in the companies. Under the new structure, there would be three independent entities: Mercedes-Benz Cars & Vans and Daimler Trucks & Buses as two new entities, as well as the existing legally independent Daimler Financial Services AG.
Aim is to secure Daimler’s future from a position of strengt, as close as possible to the customers’ pulse, but also to be able to react as quickly and flexible as possible to market developments and a fundamentally changing competitive environment.