Exchanges
Daimler Truck goes public in December
A charging plug is in an electrically powered Mercedes-Benz eActros from the truck manufacturer Daimler Truck. Photo: Marijan Murat / dpa
© dpa-infocom GmbH
The split is a done deal. The Stuttgart-based carmaker now wants to quickly list its commercial vehicle division, Daimler Truck.
In the course of the split-up of the Daimler group, the truck and bus business is to be listed on the Frankfurt stock exchange on December 10th.
Daimler Truck expects to qualify for the Dax stock market index in the first quarter of next year, announced Daimler on Thursday in Stuttgart. The group had already announced the IPO of Daimler Truck, but had not yet given a date.
The Stuttgart group is currently being rebuilt: Mercedes cars and trucks will soon be running separately as independent companies. Daimler shareholders are to be given additional shares in Daimler Truck.
With the separation, Daimler wants to strengthen the value and competitiveness of the previous divisions. The entire industry is facing risks and challenges due to billions in investments in e-cars and self-driving vehicles.
At Daimler, cars and trucks have so far come from the same house. The truck business at Daimler has roots that go back to the 19th century. It has long been overshadowed by the larger and more prestigious auto business. Daimler Truck sees itself as the world market leader in commercial vehicles and has over 100,000 employees.