![]() With the listing on the Frankfurt Stock Exchange the shareholders of Daimler AG and Daimler Truck Holding AG will have the opportunity to decide independently on their investments in the two companies. As the most valuable luxury car brand, Mercedes-Benz aims for leadership in electric drive and vehicle software.” Daimler investors to hold shares in two strong and independent companies In the future, the car and van business will focus even more on the premium and luxury segment and will consistently utilize its growth and profitability opportunities. With this courageous step into a new future, we are creating added value with two pure-play companies for our customers, employees, shareholders and partners. Ola Källenius, Chairman of the Board of Management of Daimler AG and Mercedes-Benz AG: “Daimler’s realignment makes one success story into two. With the spin-off, the two independent listed companies will be able to fully concentrate on their differing customer groups and therefore become more efficient and more successful.” Throughout Daimler’s history, the courage to fundamentally reinvent the company has been the key to its success. This step is intended to emphasize the future focus of the company on the car and van business with the Mercedes-Benz brand as well as the sub-brands Mercedes-AMG, Mercedes-Maybach and Mercedes-EQ.īernd Pischetsrieder, Chairman of the Supervisory Board of Daimler AG: “Today is a milestone in the nearly 140-year history of this unique company. In this context, a decision is also to be made on renaming Daimler AG as Mercedes-Benz Group AG as of 1 February 2022. The Daimler shareholders will decide on this realignment of their company at an extraordinary general meeting on 1 October this year. Daimler will retain a minority interest of 35% in Daimler Truck Holding AG and intends to transfer 5% to Daimler Pension Trust e.V., a registered association according to German law. Daimler shareholders are to receive one additional share in Daimler Truck Holding AG, the global market leader for commercial vehicles, for every two shares they hold in Daimler AG. After the planned spin-off of Daimler Truck by the end of this year the shareholders of Daimler AG will hold a 65% stake in the new Daimler Truck Holding AG, which will then be listed on the stock exchange as an independent company. The Board of Management and Supervisory Board of Daimler AG (ticker symbol DAI) have given the go-ahead for the company’s historic realignment and the ongoing roadmap. Switch Mobility delivers switch solo electric buses to Translink.BorgWarner to acquire Eldor Corporation’s electric hybrid systems business segment.Omnivision releases sensors for automotive in-cabin applications.Tsuyo Manufacturing and IIT Delhi collaborate on EV powertrain solutions.ANSI publishes roadmap of standards and codes for electric vehicles at scale.Technavio: Automotive ethernet market to grow by US$ 4.6 billion from 2022 to 2027.Market for V2X capable EVs and bidirectional charging equipment will grow to nearly $10 billion by 2032.Monarch Tractor expands AI R&D team in Singapore.OBIGO launches automotive AppStore for AAOS.TSD and Zubie expand partnership to accelerate connected car vision and enhance fleet management capabilities.Intangles Lab launches DDLG to track fuel consumption in LNG vehicles.Airtel partners with Matter Motor Works to deploy e-sims in Aera e-bikes. ![]() Ford Pro : Super Duty 2023 – Advanced tech and smart features to get work done.Ridecell introduces fleet transformation cloud. ![]()
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