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The Daimler Truck Spin-Off Has Already Started Unlocking Value

TNI || New Delhi || 11th Dec 2021

The Daimler Truck spin-off has already started paying dividends to Daimler AG shareholders.

Speaking on the development, CEO Ola Kaellenius said that the execution of the electrification strategy will be the next step now.

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Kaellenius, speaking hours after the Frankfurt listing said, that the Daimler shares have already started to get benefitted from the decision, and this will keep on taking place.

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Since the spin-off was first announced this year in February, Daimler shares were up 33% and went 3.51% higher after the listing.

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The Daimler Truck shares closed at 28.7 euros vis-a-vis their debut at 28 euros. Notably, the sky-high stock market valuations of Tesla and Rivian have only added pressure on the traditional automakers to prove their success to shareholders.

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