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Daimler Truck rolls into stock market after Mercedes split

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Daimler Truck launched on the Frankfurt Stock Exchange on Friday after the heavy-goods operation was spun off from its holding group, soon to be renamed as Mercedes-Benz.

The new group is targeting an entry into into the DAX, when the 40-member blue-chip index is next updated in the first quarter of 2022.

Its former home Daimler will be be renamed Mercedes-Benz after its famous luxury car brand in February next year. While battery technology is essential to the future of passenger cars,"hydrogen will play an important role in the truck department", said Daimler CEO Ola Kallenius, who will stay on at Mercedes.

 

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