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Daimler separates truck division by year end – Industry

Daimler plans to unbundle the truck and bus division from the vehicles and vans division “by the end of the year”. This was announced by the group that owns the Mercedes brand, indicating that “the project is in a preparatory phase” and that “an extraordinary shareholders’ meeting will be convened in the autumn” to resolve the operation aimed at “generating value for shareholders and increasing profitability. of the group”.

Daimler closed the second quarter of the year with revenues up from 30.2 to 43.5 billion euros. The operating result rose from 1.68 to 5.18 billion and the net result from 1.9 to 3.7 billion euro. The Stuttgart Group recorded a jump in vehicle sales from 541,800 to 736,400 units. Commenting on the data, Board Chairman Ola Kallenius spoke of “strong growth across all divisions despite the persistent shortage of semiconductors.” “We are doing everything possible to minimize the impact,” he added, despite the Group expecting car sales for the full year “at the levels of the previous year due to the shortage of semiconductors, which could have negative repercussions on deliveries”.



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