New name, truck and bus spinoff for Daimler AG

In News, Daimler1 MinutesBy NZ Trucking magazineOctober 6, 2021

Daimler AG shareholders have approved the realignment of Daimler AG, which will see a spin-off of the truck and bus business and the subsequent listing of Daimler Truck Holding AG as an independent company on the Frankfurt Stock Exchange.

Shareholders also approved the renaming of Daimler AG as Mercedes-Benz Group AG, effective as of 1 February 2022. The new name emphasises the future focus on cars and vans of the brands Mercedes-Benz, Mercedes-AMG, Mercedes-Maybach and Mercedes-EQ.

The two measures must now be entered in the Commercial Register. Both companies can then create decisive value added for all stakeholders.

Two current members of the Daimler supervisory board, Marie Wieck and Joe Kaeser, will step down from their positions and join the supervisory board of Daimler Truck Holding AG. As their successors in the supervisory board of Daimler AG, the shareholders elected Helene Svahn and Olaf Koch.