Daimler Group Considers Divisional Restructuring

Daimler is aiming to further focus and strengthen its corporate structure by creating three legal independent entities. In addition to the existing legally independent division Financial Services, the divisions Mercedes-Benz Cars & Vans as well as Daimler Trucks & Buses may be transferred into two legally independent entities.

This project intends to strengthen the future viability of the business units and better utilize the potential for growth and earnings in various markets. Based on the positive results of a feasibility study, the board of management decided, subject to the approval of the supervisory board, to continue with the project and in this context to take preparatory measures. Daimler will invest a three-digit million euro amount for these first steps.

“We want to secure Daimler’s future from a position of strength. For that reason, we not only need to be as close as possible to our customers’ pulse, but also to be able to react as quickly and flexible as possible to market developments and a fundamentally changing competitive environment,” said Bodo Uebber, member of the Daimler board of management responsible for finance and controlling and Daimler Financial Services. “With this project, we are creating the conditions for greater customer and market focus and therefore more growth opportunities. Not only our customers and investors, but above all our employees would benefit from that. We are cooperating with the employee representatives at all levels.”

Until now, neither the board of management nor the supervisory board of Daimler has made a final decision on implementing the new structure. Such a motion could be voted on at the earliest at a shareholders’ meeting in the year 2019.

Like this story? Begin each business day with news you need to know! Click here to register now for our FREE Daily E-News Broadcast and start YOUR day informed!

Leave a comment

View Latest Digital Edition

Terry Mulreany
Subscriptions: 800 708 9373 x130
Susie Angelucci
Advertising: 484.459.3016

View Latest Digital Edition

Visit our sister website for news, information, exclusive articles,
deal tables and more on the asset-based lending, factoring,
and restructuring industries.