Daimler launches new corporate structure
The Daimler Group launched its new corporate structure as planned on November 1, 2019.
The separation of the car and van and the truck and bus businesses to two new subsidiaries took effect at the end of October with their respective entries in the commercial register.
Three legally independent stock corporations now operate under the parent company Daimler AG. Mercedes-Benz AG is responsible for Mercedes-Benz Cars and Vans. All Daimler Trucks and Buses activities are conducted at Daimler Truck AG.
Daimler Financial Services, which has been legally independent for many years, was renamed Daimler Mobility AG in July. In addition to its longstanding business with vehicle financing and fleet management, Daimler Mobility is also responsible for mobility services.
With these three subsidiaries, Daimler is strengthening its customer focus and increasing the Group’s agility. Daimler AG continues to be the only listed company. As the parent company with approximately 6,000 employees, it will be responsible for governance, strategy and control functions, and will provide Group-wide services.
Mercedes-Benz AG and Daimler Truck AG are German stock corporations and are based in Stuttgart.
Mercedes-Benz AG controls the global business of Mercedes-Benz Cars and Mercedes-Benz Vans with approximately 175,000 employees worldwide. Mercedes-Benz AG focuses on the development, production and sale of cars and vans and on the provision of related services.