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Daimler To Rename Itself Mercedes-Benz By End Of 2021
Daimler, the parent company of the Mercedes auto-maker and the Mercedes F1 Team, has announced that it will be renamed Mercedes-Benz by the end of 2021 and will list its truck arm under a separate entity. As news of this planned restructuring broke, Daimler’s share price jumped almost nine percent, approaching its two-year high. READ: Lewis Hamilton’s Future At Mercedes Was ‘Never In Doubt’ – Source Commenting on the move, Daimler CEO Ola Kallenius said Mercedes-Benz cars and Daimler’s truck arm “are different businesses with specific customer groups, technology paths and capital needs.” Continuing, he said: “We believe they will be able to operate most effectively as...
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3y ago from Formula1News.co.uk
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