New corporate structure: What does this mean for business partners? Update*

New corporate structure: What does this mean for business partners?

At the Annual General Meeting on 22 May in Berlin, a large majority of the shareholders of Daimler AG approved the reorganization of the Daimler Group. This will clear the way for Daimler to transfer its Cars and Vans business as well as its Trucks and Buses business into legally independent entities.

The new Group structure (PROJECT FUTURE) will take effect when the hive-down is entered in the commercial register. Daimler aims to launch the new corporate structure on 1 November 2019.

From this time forward, Mercedes-Benz AG will be responsible for the current Mercedes-Benz Cars and Mercedes-Benz Vans divisions, while the Daimler Trucks and Daimler Buses divisions will be joined in Daimler Truck AG. Daimler Financial Services AG, which is already legally independent, will be named Daimler Mobility AG beginning 24 July 2019. The two new companies, like the current Daimler AG and the future Daimler Mobility AG, will be co-determined German stock corporations with their headquarters in Stuttgart.

 

As the publicly listed parent company, Daimler AG will perform governance, strategy and management functions as well as provide Group-wide services.

Under the following link you get more information on the following questions:
What does our journey to the new corporate structure look like? What exactly does this mean for you as our business partner? What are the next steps?

 

https://www.daimler.com/company/hivedown.html

 

* Information by the Daimler Supplier Magazine Online Editors: This article was originally published on May 13th, 2019.  At the Annual General Meeting on 22 May 2019 in Berlin, a large majority of the shareholders of Daimler AG approved the reorganization of the Daimler Group. The article was accordingly updated.

 


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Date:
May 13, 2019
Author:
Maike Sigloch, Carsten Wiebel
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