Skip to Content
AP National

Daimler’s trucks, luxury cars to go their separate ways

Pixabay / Pexels
By
Published 7:50 AM

By DAVID McHUGH
AP Business Writer

FRANKFURT, Germany (AP) — Daimler’s truck and luxury car businesses are going their separate ways. Daimler AG shareholders made the decision at an extraordinary meeting on Friday. The move gives the separate businesses the freedom to pursue different technologies as the push toward zero emission vehicles transforms the industry. The independent Daimler Truck Holding AG plans to develop hydrogen powered long-haul trucks, while Daimler’s Mercedes-Benz luxury car business is more focused on battery power. The move means that Daimler will rename itself Mercedes-Benz Group after the spinoff goes through later this year. 

Article Topic Follows: AP National

Jump to comments ↓

The Associated Press

BE PART OF THE CONVERSATION

KYMA KECY is committed to providing a forum for civil and constructive conversation.

Please keep your comments respectful and relevant. You can review our Community Guidelines by clicking here

If you would like to share a story idea, please submit it here.

Skip to content