Daimler to spin off truck unit, sharpen investor focus on Mercedes-Benz

Daimler to spin off truck unit, sharpen investor focus on Mercedes-Benz

3 years ago
Anonymous $K6XgmDN5_o

https://www.reuters.com/article/us-daimler-trucks-divestiture/daimler-to-spin-off-truck-unit-sharpen-investor-focus-on-mercedes-benz-idUSKBN2A329T

German carmaker Daimler said on Wednesday it plans to spin off Daimler Truck, the world's largest truck and bus maker, as it seeks to increase its investor appeal as a focused electric, luxury car business, sending its shares up nearly 9%.

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