The business restructuring would be Daimlers biggest corporate revamp since it ended its ambitions of becoming global car giant with the sale of Chrysler a decade ago. Photo: Reuters
Munich: Daimler AG is firming up plans for its biggest corporate overhaul in a decade, granting its cars and trucks operations more independence in bid to become more nimble as the auto industry confronts the disruptive shift to self-driving electric vehicles.
Under the plan, the German automotive giant would break up its conglomerate structure by transforming itself into a holding company with three units: Mercedes-Benz Cars & Vans, Daimler Trucks & Buses and the financial services unit, which is already legally independent, the Stuttgart, Germany-based compa…
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