Daimler AG alters its title to Mercedes-Benz Group AG

2022-02-01 08:56:15

(MENAFN) Daimler AG, a German car manufacturer, is going to alter its title to Mercedes-Benz Group AG on February 1. The company's rebranding, which was revealed the previous week, is the newest in a series of basic modifications.

In the past year, the corporation declared that its truck and bus business, Daimler Truck AG, is going to transform. The new firm is currently placed on the Frankfurt Stock Exchange as a distinct entity.

Daimler AG shareholders accepted the move in October, leading in the formation of two separate businesses, each with its own administration and chairperson.

The move is anticipated to enable the corporation to unlock investor wealth for both businesses and fully acknowledge its business potential in a zero output, software driven future.

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