Daimler successfully follows a double track on the stock exchange

The Daimler group has now completed its split into a commercial vehicle and an auto division on the stock exchange. The truck and bus manufacturer Daimler Truck made its stock market debut as an independent company in Frankfurt am Main. Daimler Truck boss Martin Daum spoke of a historic day: The first price of the share was 28 euros, which corresponds to a valuation of Daimler Truck with a total of around 23 billion euros. In the further course of the trading day, the share was quoted at around 30 euros and then closed at 29.78 euros. Daimler Truck unites seven brands under one roof: BharatBenz primarily for the Indian market, the US brands Freightliner, Western Star and Thomas Built Buses, the former Mitsubishi brand Fuso, Mercedes-Benz and Setra. According to its own information, the company employs more than 100,000 people at over 40 production sites worldwide. According to its own information, the truck and bus manufacturer is now aiming for the share to be included in the Dax stock exchange index, which has expanded to 40 members, at the next possible date on the Frankfurt Stock Exchange - "probably in the first quarter of 2022". "Our truck and bus business was part of the Daimler Group for 125 years - now we are becoming an independent, listed company," said CEO Daum. In future, "the design options as an independent company" should be used, he announced. According to the company, Daimler Truck wants to "consistently and continuously focus on improving profitability" in order to "lead the industry on the way to CO2-neutral transport". At the beginning of October, the shareholders of the Daimler Group approved the spin-off of the truck division. At a virtual general meeting, 99.9 percent of the shareholders voted for the move. The resolution to change the name of the auto division to Mercedes-Benz was also approved with 99.9 percent of the vote. Daimler CEO Ola Källenius said that the Stuttgart-based automaker, which holds 35 percent of the shares in Daimler Trucks, now wants to "fully" concentrate on "building the most desirable cars in the world and taking the lead in electromobility and vehicle software ". The reorientation towards two companies should "release the full potential of both companies and create decisive added value for all sides".