separate

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

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Daimler AG’s corporate headquarters reflected in a window in Stuttgart, Germany, Thursday, Sept. 30, 2021. Shareholders in Daimler AG, maker of Mercedes-Benz luxury cars, have an extraordinary online meeting Friday, Oct. 1, 2021, on the spinoff of the company’s truck business. (Marijan Murat/dpa via AP)

AP

Shareholders in Daimler AG, maker of Mercedes-Benz luxury cars, on Friday approved the spinoff of the company’s truck division, a move intended to let the world’s largest maker of trucks react faster to change and focus on the new low-emission technologies transforming the automotive industry.

The voting at an online shareholder meeting also means that Stuttgart-based Daimler will rename itself as Mercedes-Benz Group AG as of Feb. 1, 2022.

Daimler CEO Ola Kallenius said that “by unlocking the full potential of both companies, we are establishing two undisputed innovation leaders who will set the pace in the transformation of their

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