D447042 1 5b5a35c989c3f

Daimler to restructure and separate Mercedes-Benz Cars from Daimler Trucks

July 26, 2018
Mercedes-Benz Cars and Vans, Daimler Trucks and Buses and its financial services unit will now be three independent divisions.

As part of a restructuring endeavor Daimler announced it would split Mercedes-Benz Cars and Vans, Daimler Trucks and Buses and its financial services unit into three independent divisions under the Daimler AG parent company

The financial services unit, previously Daimler Financial Services, would be rebranded as Daimler Mobility. This division services mobility solutions like car2go, moovel and mytaxi applications. 

Manfred Bischoff, chairman of the supervisory board which approved the new structure, said in a statement this decision would put Daimler in a position to "tackle the rapid pace of change."

The move, which needs to be approved by shareholders in 2019, will come in 2020.

About the Author

Vesna Brajkovic | Associate Editor - Vehicle Repair Group

Vesna Brajkovic is associate editor for the Vehicle Repair Group.

Brajkovic has covered the transportation industry for a number of trade publications, with a focus on the vehicle maintenance and automotive aftermarket industries since 2016. Prior to that, she covered the global aviation industry as assistant editor for Endeavor Business Media's AviationPros.com, and held a number of editorial positions at an award-winning community newspaper.

Sponsored Recommendations

Report: The 2024-2025 State Of Heavy-Duty Repair

Fullbay's fifth annual State of Heavy-Duty Repair compiles insights from almost 1,000 experts and over 3,500 shops. If you aren't leveraging these proven data points, your competition...

Ask the Experts: Boost Profitability by Capturing Body Repair Materials Billables

Quality body repairs on medium- and heavy-duty trucks depend on the use of specialized adhesives, sealers, and other allied materials. Unfortunately, many shops face challenges...

Fleet Maintenance E-Book

Streamline your fleet's maintenance and improve operations with the Guide for Managing Maintenance. Learn proven strategies to reduce downtime, optimize in-house and third-party...

Celebrating Your Drivers Can Prove to be Rewarding For Your Business

Learn how to jumpstart your driver retention efforts by celebrating your drivers with a thoughtful, uniform-led benefits program by Red Kap®. Uniforms that offer greater comfort...