INTERNATIONAL - Carmaker Daimler says it is moving toward a restructuring that would see its Mercedes-Benz car division and its truck and bus business become legally independent entities under Daimler’s overall roof.
The company said yesterday that the changes would give the divisions the entrepreneurial flexibility to react to a rapidly changing business environment. It said none of its businesses were being divested and that the new structure had not yet been finally approved.
Mercedes-Benz and Daimler Trucks & Buses would join the company’s financial services division, which already has a legally independent structure. Daimler chief executive Dieter Zetsche, said in a statement that “whoever aims for sustainable competitiveness and profitability must continuously evolve and adapt to rapidly changing surroundings.”