Daimler will keep a 35% stake in the trucks division it prepares to spin off this year, the automaker said on Friday, providing more information on a landmark corporate split
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German luxury automaker Daimler is preparing a stock market listing of its trucks division, business newspaper Handelsblatt reported, by mentioning company sources. The unit could be floated at the end
Germany’s Daimler AG and its China commercial vehicle partner Beiqi Foton Motor will spend 3.8 billion yuan ($580 million) for making Mercedes Benz-branded heavy-duty trucks in Beijing, the companies said
Daimler will offer employees at its Mercedes-Benz trucks company voluntary redundancy as it looks to decrease annual expenses by 400 million euros ($424 million) through a mix of budget and
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