Daimler is realigning its business, spinning off the commercial vehicle divisions into a new company called Daimler Truck Holding and renaming the car and van business Mercedes-Benz Group
At the end of this year, Daimler is spinning off its commercial vehicles business into a separately listed and fully independent company called Daimler Truck Holding. The company is also renaming Daimler AG as Mercedes-Benz Group in the first quarter of 2022, emphasising its focus on cars and vans in the luxury and premium segments. The company is calling the reorganisation Project Focus.
Each business will have fully independent management and stand-alone corporate governance, including an independent chair of the respective supervisory boards. The spin-off will also lead to separate procurement functions.
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