July 30, 2021 – The Board of Management and Supervisory Board of Daimler AG (ticker symbol DAI) have given the go-ahead for the company’s historic realignment and the ongoing roadmap.
Extraordinary general meeting on 1 October
Today is a milestone in the nearly 140-year history of this unique company. Throughout Daimler’s history, the courage to fundamentally reinvent the company has been the key to its success. With the spin-off, the two independent listed companies will be able to fully concentrate on their differing customer groups and therefore become more efficient and more successful.
Daimler’s realignment makes one success story into two. With this courageous step into a new future, we are creating added value with two pure-play companies for our customers, employees, shareholders and partners. In the future, the car and van business will focus even more on the premium and luxury segment and will consistently utilize its growth and profitability opportunities. As the most valuable luxury car brand, Mercedes-Benz aims for leadership in electric drive and vehicle software.
Daimler investors to hold shares in two strong and independent companies
The future corporate structure will offer many professional development opportunities for our colleagues. Despite all the challenges, the transformation will also help us to focus on our future direction. We have to make our sites fit for the future. Of course, the Daimler Truck listing is a decisive and emotional event. Our colleagues trust that we are making the right decisions for them. That’s why our new structure must also become a success story for the employees.
Daimler Truck aims to take a pioneering role in electrification and digitization
Our future independence offers us great opportunities and we will benefit consistently from them. To use an image from our industry: Up until now, we had to travel in a convoy. In the future, we will be able to plan our own route and choose the best route for us. This will enable us to make faster progress with our objective: We will lead the way to emission-free transport by accelerating the development of battery and fuel-cell vehicles. At the same time, we want to significantly increase our profitability. As an independent company, we will do everything we can to offer our customers the best products, our shareholders an attractive investment and our employees sustainable jobs.