Daimler Truck began trading as a public company on the Frankfurt Stock Exchange, marking a new era following its spinoff from its parent company.
Credit: Daimler Truck
In a statement, the truck maker called its new status "unrestricted entrepreneurial independence" and "probably the most important milestone" in its 125-year history.
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“Making this possible organisationally was a tour de force. My thanks therefore go to our entire team for their unparalleled commitment over the past weeks and months. So in this respect, today is a finish line for us. We have worked hard to get there,” Martin Daum, chairman of Daimler Truck Holding AG, said in the stock exchange hall in Frankfurt.
Daimler Truck’s business activities are structured into five reporting segments for which the company has formulated concrete return targets for strong market conditions, or sales of 500,000 trucks globally.
In preparation for the spin-off, the company has specified its financial ambitions to increase the performance and profitability of the segments. Daimler Truck is consistently and continuously focusing on improving profitability in order to lead the industry on the road to CO2-neutral transport.
“Today is a historic day for Daimler Truck,” Martin Daum further affirmed. “For 125 years, our truck and bus business was part of the Daimler Group – now we are becoming an independent, listed company. Now we look forward to using creative opportunities as an independent company with our great global team, for even more entrepreneurial success in the future. Everyone should benefit from this: our workforce, our customers and, of course, our shareholders.”
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Daimler Truck is one of the largest commercial vehicle manufacturers with a global reach, with more than 40 production facilities worldwide and more than 100,000 employees. Daimler Truck unites seven brands under its umbrella: BharatBenz, Freightliner, Fuso, Mercedes-Benz, Setra, Thomas Built Buses and Western Star.
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