Daimler to Become Mercedes-Benz, Split Trucks Unit From Cars (2)

Daimler AG will split up into the world’s largest makers of luxury cars and commercial vehicles, renaming itself Mercedes-Benz and listing its truck unit separately by year-end.

The plan to distribute a majority of Daimler Truck to shareholders is the German manufacturer’s most significant shake-up since the sale of Chrysler almost 14 years ago. Bloomberg News reported earlier that Daimler was considering the listing.

The spinoff appeased investors who have advocated the move for years, citing a stubbornly low valuation for the group company. While Daimler recently tweaked its corporate structure to give more independence to its main divisions, the ...