The Daimler group officialise its split into two autonomous entities
- The Daimler group (which should change its name to the former one of Mercedes-Benz) officialised on October 1, 2021 the split of the company into two independent entities: on one hand, the brand covering the passenger cars and light utility vehicles products, and on the other hand, a brand covering the trucks and buses products.
- The passenger cars and light utility vehicles division will become the Mercedes-Benz brand on February 1, 2022, bringing together cars and light utility vehicles assembled in Germany, United States, China and Russia mainly, as well as light utility vehicles produced in Spain and France. This entity produced 2.42 million vehicles in 2020, against 2.82 million in 2019, and is in twelfth worldwide rank, behind its competitor BMW.
- The heavy-duty division will keep the name of Daimler Trucks, as unlike the passenger car brand, the heavy-duty division brings together several different brands, including Mercedes, Freightliner, Western Star, Mitsubishi Fuso, Setra, Thomas Built Buses, Detroit Diesel, Bharat-Benz. This entity produced 371,000 vehicles in 2020, compared to 514,000 in 2019, and ranks second worldwide, behind its competitor Volvo Trucks.
- According to the management of the company, the split of the former Daimler group will allow the two autonomous companies to better face the challenges linked to the end of combustion engines, with completely different technologies: batteries technology for passenger cars and utility vehicles and hydrogen for trucks and buses.
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