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Monday, December 6, 2021

Daimler Truck Listing -- December 10, 2021

It looks like Daimler Truck will be spun off and its stock market listing on December 10, 2021. 

Link here

Holders of Daimler stock will receive one share of the new Daimler Truck company for every two shares of Daimler stock they hold.

Daimler AG -- ticker symbol: DAI. I believe Americans hold shares in that account in the US under the ticker symbol: DDAIF.

Daimler Truck Holding AG.

Apparently Daimler AG will rename itself as Mercedes-Benz some time later. 

See also this link regarding Iveco.

This was a nice data point in that linked Iveco article:

Traton this year snapped up U.S. truckmaker Navistar as the sector consolidates in the face of the costly challenges of developing both fully-electric models for short-haul trucks and hydrogen fuel cells for longer distance trucks.

It's my understanding that Daimler plans to do exactly that: the new trucking company will have two divisions: the EV division, and the hydrogen division.

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