Daimler Truck Now Independent, Confirms Listing On Dec. 10

Daimler Truck AG Wednesday said it has started its independent journey following split from its parent German automaker Daimler AG (DDAIF.PK).

The company added that stockmarket listing will be on December 10 as said earlier.

In a tweet, the commercial vehicle maker said, "Our future starts now: As of today, we are independent. We are ready for everything ahead. #WeAreDaimlerTruck. Next milestone: Stockmarket listing on December 10th."

Earlier this month, Daimler Truck said it was gaining momentum on its way to its intended stock market listing planned on the Frankfurt stock exchange for December 10. Subsequently, Daimler Truck expects to qualify for the DAX in the first quarter of 2022.

At the Capital Markets Day, Daimler Truck CFO Jochen Goetz reiterated the Group's commitment to improve profitability.

Daimler Truck aims to achieve more than 10% Return on Sales (Industrial Business, adjusted) by 2025, assuming strong market conditions.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
MTD Products Inc. is recalling 1,774 units of walk-behind self-propelled lawn mowers for potential risk of fire hazard, a statement by the U.S. Consumer Product Safety Commission (CPSC) showed. The company said the lawn mower can leak fuel when it is stored in the upright (vertical) storage position to pose a fire hazard. Nike Inc. announced its plans to exit the Russian market completely following Russia's ongoing war against Ukraine, reports said. The sportswear major, with more than 100 stores in the country, had suspended operations there in March. Earlier in March, while suspending operations temporarily, the company had said its customers that it couldn't guarantee product shipments. The U.S. Food and Drug Administration unveiled its action plan to advance drug development for rare neurodegenerative diseases, including Amyotrophic Lateral Sclerosis or ALS, in five years. The FDA plans specific actions such as regulatory science initiatives, enhancements to existing programs and new policy initiatives for the purpose. It will use public-private partnerships...
Follow RTT