Daimler
Mercedes-Benz Group AG, formerly known as Daimler AG, is a global automobile manufacturer that was rebranded following the spin-off of its Trucks & Buses division in 2022.
Company History
In December 2021, Daimler underwent a significant restructuring with the spin-off of its Trucks & Buses division. This led to the creation of Daimler Truck Holding AG, a major independent commercial vehicle manufacturer with global reach. Following this split, Daimler AG was renamed the Mercedes-Benz Group AG as of February 1, 2022. This name change reflects the company's renewed focus on its core business of manufacturing luxury cars and commercial vehicles.
Daimler Truck Holding AG
As part of the December 2021 restructuring, the Trucks & Buses division of Daimler AG was spun off to form Daimler Truck Holding AG. This new entity operates independently and focuses on the manufacture and distribution of commercial vehicles on a global scale. Daimler Truck Holding AG is now a significant player in the commercial vehicle industry, leveraging its expansive portfolio and expertise in the sector.
Mercedes-Benz Group AG
Following the spin-off of its Trucks & Buses division in December 2021, Daimler AG renamed itself to Mercedes-Benz Group AG on February 1, 2022. This rebranding signals the company's strategic focus on its core luxury automobile and commercial vehicle businesses. The Mercedes-Benz Group AG continues to build on the legacy of the Daimler name while emphasizing its premium vehicle offerings under the historic Mercedes-Benz marque.