Daimler shareholders have decided to spin off the truck division of Daimler Truck Holding AG into an independent public company by the end of 2021. Shareholders will receive one Daimler Truck share for every two Daimler shares and will own 65% of the spun-off company. In addition, Daimler will change its name to the Mercedes-Benz Group as of February 1, 2022. The new name emphasizes that the company will now focus on cars and vans under the Mercedes-Benz, Mercedes-AMG, Mercedes-Maybach and Mercedes-EQ brands.