Daimler to rebrand as Mercedes-Benz, spin off truck division


Mercedes-Benz Actros semi-trailer truckGerman auto giant Daimler on Wednesday announced plans for a major shakeup of its operations. Daimler’s board has agreed to spin off the company’s bus and truck division into a new, publicly listed entity to be called Daimler Truck. Daimler Truck will be listed on the Frankfurt Stock Exchange by the end of 2021, with the majority of shares in the…  » Read More