{"id":379132,"date":"2021-12-10T12:34:21","date_gmt":"2021-12-10T09:34:21","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/daimler-truck-rolls-into-stock-market-after-mercedes-split\/"},"modified":"2021-12-10T12:34:21","modified_gmt":"2021-12-10T09:34:21","slug":"daimler-truck-rolls-into-stock-market-after-mercedes-split","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/daimler-truck-rolls-into-stock-market-after-mercedes-split\/","title":{"rendered":"#Daimler Truck rolls into stock market after Mercedes split"},"content":{"rendered":"

“#Daimler Truck rolls into stock market after Mercedes split<\/strong>”<\/p>\n

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\n \"Daimler
\n Daimler Truck was trading at 28 euros on Friday morning, shortly after the open of the stock exchange, valuing the new company at 23 billion euros ($26 billion).
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Daimler Truck launched on the Frankfurt Stock Exchange on Friday after the heavy-goods operation was spun off from its holding group, soon to be renamed as Mercedes-Benz.<\/p>\n

The new group is targeting an entry into into the DAX, when the 40-member blue-chip index is next updated in the first quarter of 2022.<\/p>\n

Daimler Truck was trading at 28 euros on Friday morning, shortly after the open of the stock exchange, valuing the new company at 23 billion euros ($26 billion).<\/p>\n

The stock market entry was the “starting line” said Daimler Truck CEO Martin Daum in a statement, adding the new group would use its independence to target “more success in the future”.<\/p>\n

Its former home Daimler will be be renamed Mercedes-Benz after its famous luxury car brand in February next year.<\/p>\n

The breakup of the group and the new moniker were app<\/a>roved in October by shareholders, who will be issued with one share in Daimler Truck for every two they hold in Mercedes.<\/p>\n

The reorganisation was carried out with an eye to taking on the different technological challenges by the two companies as the auto sector moves away from combustion engines.<\/p>\n

While battery technology<\/a> is essential to the future of passenger cars, “hydrogen will play an important role in the truck department”, said Daimler CEO Ola Kallenius, who will stay on at Mercedes.<\/p>\n

In total, 65 percent of shares in the new entity will be passed on to Daimler shareholders, with the remaining 35 percent held by the company itself.<\/p>\n

The former group will continue to be represented on the supervisory board of Daimler Truck, though the day-to-day operation of the two companies will largely be separate.<\/p>\n

Daimler Truck, which employs around 100,000 for the production of lorries, busses and specialised vehicles, is targeting a “two-digit” profit margin on sales by 2025.<\/p>\n

In 2021, the new group expects a figure in the region of six to eight percent, as a shortage of semiconductors, an essential component, has raised prices for the industry.\n <\/p>\n\n

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Daimler’s trucks, luxury cars to go their separate ways\n <\/p><\/div>\n

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\n \u00a9 2021 AFP<\/p>\n

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Citation<\/strong>:
\n Daimler Truck rolls into stock market after Mercedes split (2021, December 10)
\n retrieved 10 December 2021
\n from https:\/\/techxplore.com\/news<\/a>\/2021-12-daimler-truck-stock-mercedes.html<\/p>\n

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