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And so it starts ...
Daimler IPOs the truck business until the end of 2021
Two fully independent companies appear
Cashing out
and mitigating the risk of an ICE business with no future when the Semi hits
CEO Källenius " a historic moment"
Daimler IPOs the truck business until the end of 2021
Two fully independent companies appear
Cashing out
and mitigating the risk of an ICE business with no future when the Semi hitsCEO Källenius " a historic moment"
Head of Daimler Supervisory Board, Bischoff
"The benefits of splitting are obvious,"
"Capital markets" would "appreciate the opportunity to invest in more clearly focused 'pure-play' companies." https://www.manager-magazin.de/finanzen/boerse/daimler-lkw-weltmarktfuehrer-plant-boersengang-fuer-truck-ag-a-65b75d80-aca6-4f92-ad96-78c0ca38d17a
"The benefits of splitting are obvious,"
"Capital markets" would "appreciate the opportunity to invest in more clearly focused 'pure-play' companies." https://www.manager-magazin.de/finanzen/boerse/daimler-lkw-weltmarktfuehrer-plant-boersengang-fuer-truck-ag-a-65b75d80-aca6-4f92-ad96-78c0ca38d17a
CEO Källenius
"Mercedes-Benz is the most valuable luxury car brand"
"Daimler Truck provides customers with a variety of industry-leading transportation solutions and services."
"Mercedes-Benz is the most valuable luxury car brand"
"Daimler Truck provides customers with a variety of industry-leading transportation solutions and services."
Head of Daimler Advisory Board, Brecht
"The transformation of our industry is advancing rapidly. To keep pace we need to be bolder and faster in investing in innovation"
A €1.5bn innovation fund is planned
"This brings additional prospects for our sites & secures employment"
"The transformation of our industry is advancing rapidly. To keep pace we need to be bolder and faster in investing in innovation"
A €1.5bn innovation fund is planned
"This brings additional prospects for our sites & secures employment"
In addition, Brecht the head of the works council stresses, the so-called "safeguarding of the future" remains in force, which assures Daimler employees in Germany of employment until the end of the decade. https://www.faz.net/aktuell/wirtschaft/unternehmen/daimler-will-sein-lastwagen-und-bus-geschaeft-abspalten-17179899.html
What Daimler is doing by splitting into two independent companies is shrinking & searching for a profitable niche
The cash generated by IPO is urgently needed but won't last for long
The truck business may be acquired or will go out of business
Passenger cars focus on luxury
The cash generated by IPO is urgently needed but won't last for long
The truck business may be acquired or will go out of business
Passenger cars focus on luxury
