Daimler announces new corporate structure

News
Corporate developments

New corporate structure is expected to offer more managerial and functional autonomy to the individual business unit

The Daimler Group has launched its previously-announced new corporate structure, effective 1 November 2019, the Germany-based automaker said in a press release. Under new corporate structure, the group comprises parent company, Daimler AG, and three operating subsidiaries— Mercedes-Benz AG, responsible for Mercedes-Benz Cars and Vans; Daimler Truck AG, responsible for all Daimler Trucks and Buses activities; and Daimler Mobility AG, which was earlier known as Daimler Financial Services.

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