As part of a restructuring endeavor Daimler announced it would split Mercedes-Benz Cars and Vans, Daimler Trucks and Buses and its financial services unit into three independent divisions under the Daimler AG parent company
The financial services unit, previously Daimler Financial Services, would be rebranded as Daimler Mobility. This division services mobility solutions like car2go, moovel and mytaxi applications.
Manfred Bischoff, chairman of the supervisory board which approved the new structure, said in a statement this decision would put Daimler in a position to "tackle the rapid pace of change."
The move, which needs to be approved by shareholders in 2019, will come in 2020.
Vesna Brajkovic is associate editor for the Vehicle Repair Group.
Brajkovic has covered the transportation industry for a number of trade publications, with a focus on the vehicle maintenance and automotive aftermarket industries since 2016. Prior to that, she covered the global aviation industry as assistant editor for Endeavor Business Media's AviationPros.com, and held a number of editorial positions at an award-winning community newspaper.
