Factory workers inspect cars on the assembly line at Daimler’s Mercedes factory in Kecskemet, Hungary. File/Reuters
German carmaker Daimler plans to spin off Daimler Truck, the world’s largest truck and bus maker, as it seeks to increase its investor appeal as a focused electric, luxury car business, sending its shares up nearly 9%.
Daimler will keep a 35% stake in the trucks division it plans to spin off this year, the luxury carmaker said on Friday, giving more details on a landmark corporate split it hopes will boost share values.
German automaker Daimler plans to build Mercedes Benz branded heavy trucks in China by revamping truck plants owned by its local joint venture (JV), according to a document seen by Reuters and two sources familiar with the matter.
Bosch and Daimler have reached a milestone on the way to automated driving: the two companies have now obtained approval from the relevant authorities in Baden-Württemberg for their automated parking system in the Mercedes-Benz
Al Ansari Financial Services has announced that following the approval from the Securities and Exchange Authority (SCA), Al Ansari Holding (Selling Shareholder)
European banking stocks fell sharply on Friday, with Deutsche Bank and UBS knocked by worries that actions by regulators and central banks
A total of 3,164 real estate transactions worth Dhs8.6 billion were conducted during the week ending 24th March, 2023, according to figures released by the Dubai Land Department (DLD).