Daimler launches new corporate structure

Daimler launches new corporate structure

04.11.2019: Daimler Group comprising parent company and three operating subsidiaries Increased customer focus and agility with Mercedes-Benz AG, Daimler Truck AG and Daimler Mobility AG


    Daimler Group comprising parent company and three operating subsidiaries



    Increased customer focus and agility with Mercedes-Benz AG, Daimler Truck AG and Daimler Mobility AG


    Daimler AG continues to be the only listed company


    Ola Källenius, Chairman of the Board of Management of Daimler AG and Mercedes-Benz AG: “Our new structure makes us more focused and competitive to ensure a successful transformation to the mobility of the future with our sustainable business strategy. It is crucial that we focus on our customers and inspire them with exciting and innovative products and technologies.”


    Martin Daum, Chairman of the Board of Management of Daimler Truck AG: “We work for all who keep the world moving. We can only be successful if we make our customers successful – and we do this with products that combine two things: local market requirements and our globally leading technologies.”


    Franz Reiner, Chairman of the Board of Management of Daimler Mobility AG: “We offer our customers unique and flexible mobility services. As an independent entity, we have been contributing to the success of the Daimler Group for many years in close cooperation with the vehicle divisions. This business freedom is extremely important for the transformation we are driving together.”





The Daimler Group launched its new corporate structure as planned on November 1, 2019. The separation of the car and van and the truck and bus businesses to two new subsidiaries took effect at the end of October with their respective entries in the commercial register.



Three legally independent stock corporations now operate under the parent company Daimler AG: Mercedes-Benz AG is responsible for Mercedes-Benz Cars & Vans. All Daimler Trucks & Buses activities are conducted at Daimler Truck AG. Daimler Financial Services, which has been legally independent for many years, was renamed Daimler Mobility AG in July.



In addition to its longstanding business with vehicle financing and fleet management, Daimler Mobility is also responsible for mobility services. With these three subsidiaries, Daimler is strengthening its customer focus and increasing the Group’s agility. Daimler AG continues to be the only listed company. As the parent company with approximately 6,000 employees, it will be responsible for governance, strategy and control functions, and will provide Group-wide services.



Mercedes-Benz AG and Daimler Truck AG are German stock corporations subject to codetermination and are based in Stuttgart. As required by law, the supervisory boards of the two companies will each comprise 20 members, ten representing the shareholders and ten representing the employees.



Mercedes-Benz AG controls the global business of Mercedes-Benz Cars & Mercedes-Benz Vans with approximately 175,000 employees worldwide. Mercedes-Benz AG focuses on the development, production and sale of cars and vans and on the provision of related services. Mercedes-Benz AG is one of the largest manufacturers of premium automobiles.



Ola Källenius, Chairman of the Board of Management of Daimler AG and Mercedes-Benz AG: “
Two years ago, we launched Project Future to initiate a forward-looking structural transformation at Daimler, with three independent entities under one roof. Our new structure makes us more focused and competitive to ensure a successful transformation to the mobility of the future with our sustainable business strategy. It is crucial that we focus on our customers and inspire them with exciting and innovative products and technologies.”



Daimler Truck AG is responsible for the global truck and bus business. Approximately 100,000 employees worldwide develop, produce and market products and services from Daimler Trucks & Buses. With its subsidiaries, Daimler Truck AG is one the world’s largest manufacturer of commercial vehicles.



Martin Daum, Chairman of the Board of Management of Daimler Truck AG:
“Our customers are at the focus of everything we do: We work for all who keep the world moving. We can only be successful if we make our customers successful – and we do this with products that combine two things: local market requirements and our globally leading technologies.”



Daimler Mobility AG is responsible for the Daimler Mobility division with 13,000 employees worldwide and is active for the entire Daimler Group as a provider of financing, leasing, insurance and fleet-management services. Daimler Mobility already finances and leases every second vehicle from Daimler AG worldwide and plans to further increase this proportion.



Franz Reiner, Chairman of the Board of Management of Daimler Mobility AG:
“We offer our customers unique and flexible mobility services. As an independent entity, we have been contributing to the success of the Daimler Group for many years in close cooperation with the vehicle divisions. This entrepreneurial freedom is extremely important for the transformation we are driving together.”






About Project Future




Daimler has spent two years preparing intensively for the new structure and has allocated its entire worldwide business to the various divisions. In October 2017, the first preparatory measures were initiated to bundle the Group's car and van business as well as its truck and bus business into two legally independent entities.


Following the most comprehensive due diligence in the company's history, the Board of Management and the Supervisory Board of Daimler AG approved the new Group structure in July 2018. The separation into independent companies required for the new structure was approved by the shareholders at the Annual Shareholders’ Meeting in May 2019 with an overwhelming majority of 99.75%.



With very few exceptions, approximately 130,000 employees were transferred to the two new companies Mercedes-Benz AG and Daimler Truck AG within the framework of a legally regulated transfer of operations. These employees have guaranteed job security until the end of 2029 (“Safeguarding the Future 2030”).





    Jörg Howe

Permanent-URL: http://www.automobilsport.com/daimler-new-corporate-structure---199967.html

04.11.2019 / MaP

More News

Kia Motors posts global sales of 248,752 units in October
01.11.2019
Kia Motors Corporation announced today that it sold 248,752 vehicles around the world in October, compared to 250,680 units sold in the same period last year. Best-selling model for the month was the Sportage SUV, with 41,707 units sold worldwide. Sales in Korea rose 2.3 percent fro more >>
Groupe PSA and FCA plan to join forces to build a world leader for a new era in sustainable mobility
31.10.2019
Discussions have opened a path to the creation of a new group with global scale and resources owned 50% by Groupe PSA shareholders and 50% by FCA shareholders. In a rapidly changing environment, with new challenges in connected, electrified, shared and autonomous mobility, the combined entity would leverage its strong global R&D footprint and ecosystem to foster innovation and meet more >>
Mitsubishi Motors Announces Production, Sales and Export Figures for September 2019 and First Half of Fiscal 2019
30.10.2019
September 2019     Fiscal Year 2019 (19/04-19/09)     Calendar Year 2019 (19/01-19/09) Volume     YoY(%)     Volume     YoY(%)     Volume   &nb more >>
Volkswagen increases sales revenue and profit
30.10.2019
Group sales revenue up by 6.9 percent to EUR 186.6 billion  Operating profit before special items increases by EUR 1.5 billion to EUR 14.8 billion; improvements especially in the mix and EUR 0.5 billion from fair value on derivatives  Operatin more >>
Clarification of Groupe PSA
30.10.2019
Following recent reports on a possible business combination between Groupe PSA and FCA Group, Groupe PSA confirms there are ongoing discussions aiming at creating one of the world‘s leading automotive Groups.         &nbs more >>
Porsche invests in Israeli start-up Tactile Mobility
30.10.2019
Improved options for analysis of vehicle status and road conditionsPorsche is intensifying its collaboration with Israeli technology company Tactile Mobility with a minority investment. The company is one of the leaders in the field of “tactile data” and is based in Haifa. In addition to Porsche, Union Tech Ventures and existing investors are more >>
BMW i Ventures Announces Investment in CelLink
30.10.2019
BMW i Ventures announced an investment in CelLink, a San Carlos, CA-based manufacturer of flexible circuit technology that delivers high-conductance, large-area, lightweight, and low-cost flexible circuits through a proprietary combination of manufacturing processes, designs, and materials.  The new funding is aimed at ramping up production of large-area flexible circuits for power and dat more >>
TRATON and Hino establish a procurement joint venture
29.10.2019
 Procurement joint venture “HINO & TRATON Global Procurement GmbH” established as concretion of 2018 Strategic Cooperation Framework Agreement  Hino President & CEO Yoshio Shimo: “Provide best products to customers through enhanced global optimum procurement capability”  TRATON CEO Andreas Renschler more >>
Global demand for Rolls-Royce Bespoke reaches all time high
22.10.2019
    Global demand for Rolls-Royce Bespoke reaches unprecedented new levels    Rolls-Royce Bespoke Collective demonstrates extraordinary skill in interpreting global taste patterns    As record numbers of exceptional handcrafted vehicles leave the Home of Rolls-Royce in Goodwood, West Sussex, three Phantoms more >>
Groupe Renault revises its guidance for FY2019 and pre-announces its Q3 revenues
18.10.2019
Due to an economic environment less favorable than expected and in a regulatory context requiring ever-increasing costs, Groupe Renault revises its guidance for FY2019.•             Published Grou more >>
IMF: Big tech and the future of Finance
17.10.2019
Experts gathered at the International Monetary Fund on Wednesday for a discussion titled “Big Tech and the Future of Finance.” A panel of business, technology and thought leaders discussed opportunities and challenges of technology in more >>
IMF Fiscal Monitor
17.10.2019
The IMF is warning that a ‘synchronized downturn’ in global growth may mean countries need to be prepared for coordinated action, the Fund’s Director of the Fiscal Affairs Department, Vitor Gaspar said at the launch of the Fiscal Monitor report Wednesday in Washington.  more >>
China's vehicle market heading for another decline in 2019, says GlobalData
16.10.2019
  September's China vehicle market was the 15th consecutive monthly decline in China, the world's largest and it's a growing concern for the global automotive sector,David Leggett, Automotive Editor at GlobalData, a leading data and analytics company, offers his more >>
IMF Global Financial Stability Report
16.10.2019
The IMF sees the global economy in a ‘synchronized downswing’ and financial markets need to act now to head off the growing risk, the Fund’s Financial Counselor Tobias Adrian says ahead of the launch of the Global Financial Stability Report (GFSR).  more >>
IMF World Econonic Outlook
15.10.2019
The IMF’s latest World Economic Outlook (WEO) sees the global economy in a “synchronized slowdown” and weakened by rising trade barriers and increasing geopolitical tensions. “The global outlook remains precarious, with a sync more >>
New production record for Automobili Lamborghini
14.10.2019
... in five years Lamborghini Huracán surpasses Gallardo production of ten years In just five years of production Lamborghini Huracán number 14,022 rolls off the assembly line, marking a production milestone for the V10 mo more >>
Toyota Corolla, Lexus UX and hybrid sales lift Toyota to 5.3% market share in Europe
14.10.2019
..., with 838,000 vehicle sales January to September    With a year-on-year rise of 16%, demand for Hybrid Electric models continues to propel TME sales in the first nine months of 2019, increasing TME share to 5.3% in Europe more >>
BMW Group sales growth increases further in September
11.10.2019
BMW deliveries up 4.8% in September - BMW i3 sales climb 21.9% in first three quarters - Rolls-Royce brand maintains strong sales growth - Nota: “Model offensive having real impact also in luxury segment” more >>
Renault José Vicente de los Mozos biographie
11.10.2019
Born in 1962, José-Vicente de los Mozos is graduated from Polytechnic University of Madrid (aerospace engineering) and holds a Master degree in production technics (CESEM business school, Madrid) and an executive degree program from Stanford University. more >>
Renault Olivier Murguet biographie
11.10.2019
Born in 1966, Olivier Murguet is graduated from ESCP-EUROPE Business School.He joined Renault in 1990, working for the Renault Portuguesa Control Division, and subsequently held different management positions at the Sales & Marketing Division more >>
Renault - Clotilde Delbos biographie
11.10.2019
Born in 1967, Clotilde Delbos is graduated from EM Lyon.She began her career in California, then at Price Waterhouse in Paris before joining the Pechiney Group in 1992. She held various positions in France and in Brussels in Internal Audit, Treasu more >>
The Board of Directors of Renault met today to decide on the Group's governance.
11.10.2019
  At this meeting, the Board of Directors decided to end the mandate of Mr Thierry Bolloré as Chief Executive Officer of Renault SA and President of Renault s.a.s with immediate effect.The Board of Directors also decided to a more >>
Toyota Fleet Mobility acquires UK-based Inchcape Fleet Solutions
10.10.2019
    Acquisition of Inchcape Fleet Solutions (IFS) positions Toyota Fleet Mobility (TFM) at the heart of the UK’s full service leasing market    Potential to leverage the strength of Toyota and Lexus products and retail presence, together with IFS’ experience, customer base and multi-brand propositions &nb more >>
Rise in deliveries for Volkswagen Passenger Cars in September
10.10.2019
Volkswagen brand delivers 533,700 vehicles throughout the world in September, 10 percent more than in September 2018  As expected, strong growth in Europe and Germany (45 and 74% percent respectively) following poor figures in September 2018 as more >>
Audi in September: Worldwide deliveries increased by 4.5 percent
10.10.2019
   Around 1,357,100 units delivered since January        Strong growth in Europe in September        Hildegard Wortmann, Member of the Board of Management for Sales and Marketing: “Positive outlook for the last quarter” more >>
Porsche increases deliveries by three percent in the first nine months
09.10.2019
China and USA as growth drivers – Cayenne and Macan remain popularIn the first three quarters of 2019, Porsche AG delivered 202,318 vehicles worldwide. The sports car manufacturer therefore achieved an increase of three percent more >>
Mercedes-Benz achieves new September record and best-ever third quarter
08.10.2019
    223,838 vehicles with the three-pointed star were sold worldwide in September - a new record for this month due to a double-digit growth (+10.4%).    Car deliveries more >>
Appointment of Marc Bocqué, Head of Communications and External Relations of PSA Aftermarket
07.10.2019
In parallel of its current function of Head of Communication, External Relations and Public Affairs of PSA Retail, Marc Bocqué is appointed on October 7, 2019, Head of Communications and External Relations of PSA Aftermar more >>
BMW Brand Sales Increase 6.0% in September
02.10.2019
BMW brand sales totaled 27,467 vehicles in September 2019, an increase of 6.0 percent over the 25,908 vehicles sold in September 2018.  Year-to-date, BMW brand sales in the U.S. are up 3.3 percent.  “With September’s results, we have now more >>
American Honda Reports September Sales Results
02.10.2019
        Three fewer selling days impact American Honda September sales results          Balanced sales of cars and trucks help Honda brand make key share gains despite industry downtrend             ILX continues strong sales gains for Acura more >>
Kia Motors posts global sales of 233,648 units in September
01.10.2019
Kia Motors Corporation announced 233,648 units of global sales for September 2019, a 1.3 percent increase year on year. The Sportage SUV continued its streak as the top selling model with 38,424 units sold worldwide. Sales in Korea saw a more >>
Mitsubishi Motors Announces Production, Sales and Export Figures for August 2019
27.09.2019
            August 2019     Fiscal Year 2019 (19/04~19/08)     Calendar Year 2019 (19/01~19/08) Volume     YoY( more >>
BMW AG brings in younger Board of Management members
25.09.2019
Supervisory Board appoints Ilka Horstmeier and Milan Nedeljkovic- Ilka Horstmeier to be responsible for Human Resources Division - Milan Nedeljkovic to head Production Division - Reithofer: "Managers are more >>
BMW i Ventures Announces Investment in Trifacta.
12.09.2019
BMW i Ventures announced an investment in Trifacta, the global leader in data wrangling.  The new capital will accelerate the company’s continued expansion into new geographies and product areas, in particular expanding upon the company’s use of intelligent automation throughout the platform.     “As we fa more >>
Harris Williams Advises Joe Hudsonís Collision Centers on its Sale to TSG Consumer Partners
10.09.2019
Harris Williams, a global investment bank specializing in M&A advisory services, announces that it advised Joe Hudson’s Collision Centers (JHCC), a portfolio company of Carousel Capital (Carousel), on its sale to TSG Consumer Partners, LLC (TSG). JHCC is more >>
Williams Reports Half Year Results
10.09.2019
Williams Grand Prix Holdings PLC (WGPH, Ticker: WGF1) today announced the Group’s interim results for the six months to 30 June 2019. WGPH is the ultimate holding company of the Williams group of companies, which includes Williams Gra more >>
Porsche increases stake in Rimac to 15.5 percent
06.09.2019
Strengthened strategic partnershipPorsche has increased its stake in technology and sports car company Rimac Automobili to 15.5 percent. In June 2018, the Stuttgart-based sports car manufacturer purchased a 10 percent stake in Rimac. Porsche is now strength-ening the established partnership. The Croatian company develops and produ more >>
Kia Motors posts global sales of 228,871 units in August
03.09.2019
Kia Motors Corporation announced 228,871 units of global sales for August 2019, a 2.1 percent increase compared to the same period last year. Kia’s best-selling model was the Sportage SUV, with 37,775 units sold worldwide in August.  more >>
Mitsubishi Motors Announces Production, Sales and Export Figures for July 2019
29.08.2019
July 2019     Fiscal Year 2019(19/04~19/07)     Calendar Year 2019(19/01~19/07)Volume     YoY(%)     Volume     YoY(%)     Volume     YoY(%)Production     Domestic Production     58,023     110.9     more >>
2001-2022 copyright automobilsport.com