Daimler Truck to go public on Dec. 10 in Frankfurt

Thursday, 11. November 2021 15:40

Daimler Truck announced on Thursday the company would start trading on the Frankfurt stock exchange from December 10, becoming the largest truck producer in the world.

Daimler's stakeholders previously decided to spin off the carmaker's truck & bus division with a goal of increasing its market share in Europe from the 20% mark registered two years ago.

"We have a clear goal... We are determined to reach higher profitability and win the race to zero-emissions," CEO Martin Daum noted while commenting on Daimler Truck's plan to reach a double-digit profit margin within the next four years.

Related Links: Daimler AG
Author:
Baha Breaking the News (BBN) / ND