Business newspaper Handelsblatt reported that German luxury carmaker Daimler prepares to list its trucks division, according to Reuters. The unit will be floated at the end of 2021.
- Daimler’s trucks division head Martin Daum is likely to get an early extension of his contract by three years as part of the listing plans.
- Last year, Daimler’s rival Volkswagen listed its trucks unit Traton to put the business on an independent footing.
Daimler stock is currently gaining. DAI is up 2.79%
