Daimler trucks

Daimler to keep 35% stake as truck division goes solo

Posted in REVIEWS on July 30, 2021
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FRANKFURT — Daimler will keep a 35% stake in the trucks division it plans to spin off this year, the luxury carmaker said on Friday, giving more details on a landmark corporate split it hopes will boost share values. The spinoff of Daimler Truck Holding AG as a separate listed entity, first announced in February, will be voted on by Daimler shareholders at an extraordinary general meeting on Oct. 1. They will receive one share Read More »

Daimler Truck 'all in' on green energy as it targets costs

Posted in REVIEWS on May 22, 2021
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LONDON — Daimler Truck aims to cut costs and boost profit across all regions by 2025 as it goes "all in" for electric and hydrogen fuel cell powered vehicles, the world's largest truck and bus maker said on Thursday. German carmaker Daimler plans to spin off Daimler Truck later this year as it seeks to increase its investor appeal as a focused electric, luxury car business. "Both technologies (electric and hydrogen) will be needed," Daimler Read More »