Daimler announced on Monday it was preparing to revamp the companys structure to better prepare it for the future of electric vehicles, by legally separating its cars business from its underperforming trucks unit in an attempt to unlock value in both.
Analysts say the move by the German group would be the first time a big car manufacturer has properly restructured its business for the new era of shared, electric and self-driving vehicles.
The Stuttgart-based parent of Mercedes-Benz will take its first steps to restructure, by investing more than 100m to create two new legal entities, one to house Cars & Vans and another for Trucks & Buses.
Separately, Daimler said it was recalling up to 1m Mercedes-Benz cars globally over issues…
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