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Daimler to spin off trucks, change name to Mercedes-Benz

2 monthes ago   |   By Boston Herald

FRANKFURT, Germany - German automaker Daimler will split itself into two independent companies by spinning off its truck and bus division, a move the company said would give both the freedom to operate more nimbly in a fast-changing environment focussed on zero-emission vehicles and software.
The Stuttgart-headquartered company said Wednesday that a significant majority stake in the truck business would be distributed to current shareholders, and that Daimler would “at the appropriate time” be renamed Mercedes-Benz, the brand name under which it sells luxury cars.
CEO Ola Kallenius said...
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