FRANKFURT, Dec 10 — Daimler Truck launched on the Frankfurt Stock Exchange today after the heavy-goods operation was spun off from its holding group, soon to be renamed as Mercedes-Benz.
The stock market entry was the “starting line” said Daimler Truck CEO Martin Daum in a statement, adding the new group would use its independence to target “more success in the future”. The reorganisation was carried out with an eye to taking on the different technological challenges by the two companies as the auto sector moves away from combustion engines.
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