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SVTPerformance's Chain of Restaurants
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Interesting Car/Truck Manufacturer News
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<blockquote data-quote="Weather Man" data-source="post: 16571572" data-attributes="member: 137766"><p><a href="https://seekingalpha.com/news/3657799-daimler-to-split-in-two-with-truck-listing" target="_blank">Daimler to split in two with truck listing</a></p><ul> <li data-xf-list-type="ul">The Daimler (<a href="https://seekingalpha.com/symbol/DDAIF" target="_blank">OTCPK<img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" class="smilie smilie--sprite smilie--sprite8" alt=":D" title="Big Grin :D" loading="lazy" data-shortname=":D" />DAIF</a>) board AG decided to <a href="https://www.prnewswire.com/news-releases/daimler-plans-separation-into-two-pure-play-companies-and-majority-listing-of-daimler-truck-to-accelerate-into-zero--emissions-and-software-driven-future-301221418.html" target="_blank">evaluate</a> a spinoff of the Truck & Bus business and to start preparing for an independent listing of Daimler Truck.</li> <li data-xf-list-type="ul">The spin-off of a significant majority stake in the Daimler Truck business requires the approval of the shareholders at an extraordinary general meeting of Daimler. The Daimler Truck business will have fully independent management, stand-alone corporate governance including an independent Chairman of the Supervisory Board, and is targeted to qualify as a DAX company.</li> <li data-xf-list-type="ul">At the appropriate time, Daimler will be renamed Mercedes-Benz.</li> <li data-xf-list-type="ul">"We have confidence in the financial and operational strength of our two vehicle divisions. And we are convinced that independent management and governance will allow them to operate even faster, invest more ambitiously, target growth and cooperation, and thus be significantly more agile and competitive," says Chairman Ola Källenius.</li> <li data-xf-list-type="ul">Shares of Daimler are up 5.77% in Germany to follow on yesterday's gain when the <a href="https://seekingalpha.com/news/3657423-daimler-could-announce-trucks-ipo-very-soon" target="_blank">board meeting was reported</a>.</li> </ul></blockquote><p></p>
[QUOTE="Weather Man, post: 16571572, member: 137766"] [URL='https://seekingalpha.com/news/3657799-daimler-to-split-in-two-with-truck-listing']Daimler to split in two with truck listing[/URL] [LIST] [*]The Daimler ([URL='https://seekingalpha.com/symbol/DDAIF']OTCPK:DDAIF[/URL]) board AG decided to [URL='https://www.prnewswire.com/news-releases/daimler-plans-separation-into-two-pure-play-companies-and-majority-listing-of-daimler-truck-to-accelerate-into-zero--emissions-and-software-driven-future-301221418.html']evaluate[/URL] a spinoff of the Truck & Bus business and to start preparing for an independent listing of Daimler Truck. [*]The spin-off of a significant majority stake in the Daimler Truck business requires the approval of the shareholders at an extraordinary general meeting of Daimler. The Daimler Truck business will have fully independent management, stand-alone corporate governance including an independent Chairman of the Supervisory Board, and is targeted to qualify as a DAX company. [*]At the appropriate time, Daimler will be renamed Mercedes-Benz. [*]"We have confidence in the financial and operational strength of our two vehicle divisions. And we are convinced that independent management and governance will allow them to operate even faster, invest more ambitiously, target growth and cooperation, and thus be significantly more agile and competitive," says Chairman Ola Källenius. [*]Shares of Daimler are up 5.77% in Germany to follow on yesterday's gain when the [URL='https://seekingalpha.com/news/3657423-daimler-could-announce-trucks-ipo-very-soon']board meeting was reported[/URL]. [/LIST] [/QUOTE]
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