Daimler announces restructuring to tackle rapid pace of change – Financial Times

Mercedes-Benz parent Daimler on Thursday announced a major restructuring designed to better tackle the rapid pace of change as the car industry grapples with new competitors in the shift to shared, electric and self-driving vehicles.

The Stuttgart-based group said it would split up Mercedes-Benz cars from Daimler Trucks and its financial arm now to be called Daimler Mobility and then place the three divisions under the umbrella of Daimler AG.

The hope is to give all three divisions greater entrepreneurial freedom, position them even closer to their markets and customers [and empower] them to enter partnerships more easily and quickly.

The new structure positions Daimler to tackle the rapid pace of change in the mobility sector and t…

Read the full article at: https://www.ft.com/content/f3e6df4a-90da-11e8-b639-7680cedcc421

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