Daimler will be a brand new company. The plan is to split the company into two independent companies. Daimler Trucks, i.e. the truck and bus business, will be split up and most of it will be floated on the stock exchange this year. The Stuttgart-based group will in turn be renamed Mercedes-Benz and will then see itself as the “world’s leading car manufacturer in the luxury segment” with claims to be the market leader in electric motors and vehicle software.
Late on Wednesday afternoon, the company announced that the board of management and supervisory board had decided on this fundamental restructuring – shortly afterwards, the share price began to rise. Within a few minutes, Daimler’s share price was 5 percent above the level of the previous day. Since the previous evening, there had been speculation that the supervisory board would set the course for an IPO of the truck division, and this decision alone was welcomed by analysts.