Posted on

Daimler to Split in Two in Latest Electric Vehicle Push: Live Updates



Share

Here’s what you need to know: Ola Källenius, the Daimler chief executive, said the car and truck industries were both “facing major technological and structural changes.”Credit…Ralph Orlowski/ReutersThe German vehicle maker Daimler will divide itself in two, the company said Wednesday, separating its car and truck units in a move that will help finance a shift to battery and hydrogen power and away from engines powered by fossil fuels.The carmaker will be renamed Mercedes-Benz, its best-known brand name, while the truck maker will be called Daimler Trucks. The truck unit, which makes Freightliner trucks and …

Read More