Currently reading: Daimler rebranded as Mercedes-Benz AG
Having spun off commercial vehicle division, company focuses on future of Benz, AMG, Maybach and EQ brands

Daimler has rebranded itself as Mercedes-Benz AG as it looks to focus on the changing environment of the automotive industry, with a particular emphasis on electrification.

The German company says the rebranding will allow it to "fully concentrate" on its Mercedes-Benz, Mercedes-AMG, Mercedes-Maybach and Mercedes-EQ brands.

The move comes almost a year after Daimler announced that it would spin off its commercial vehicles division as a standalone entity, Daimler Truck.

“The renaming to Mercedes-Benz Group AG underlines our renewed strategic focus. In doing so, we want to make clear where we see the core of our company – building the most desirable cars in the world,” said Ola Källenius, chairman of the now-renamed Mercedes-Benz AG.

“The Mercedes star has always been a promise for the future: Changing the present in order to improve it. We want to continue this legacy of our founders by taking the lead in electric mobility and vehicle software."  

Daimler Mobility, which offers mobility services in financing, leasing and insurance, has taken the new name Mercedes-Benz Mobility AG.

Källenius hopes the move will potentially unlock shareholder value and “unlock the full potential” of both companies as leaders in automotive innovation. "We have a real chance to raise the multiple," he told reporters, according to Automotive News Europe. 

Daimler is currently worth around €77 billion (£63.9bn), but Källenius didn't suggest a specific valuation target for the firm. Going forward, it will focus on autonomous driving, intelligent connectivity and new mobility concepts. 

Back to top

"If we can boost cash flow and our multiples, there’s lots of potential in the Mercedes-Benz stock," he said. 

Daimler's shift to electric vehicles is already well under way. Its all-electric EQ range already contains six models: the Mercedes-Benz EQC SUV, the EQA and EQB crossovers, the EQS limousine, the EQV MPV and the soon-to-arrive EQE saloon.

Other senior Daimler figures believe the move has come at the right time to “sustainably safeguard success”. 

“Daimler Truck and Mercedes-Benz will be able to master the transformation of the industry even more successfully with full entrepreneurial freedom and an independent management structure,” said Bernd Pischetsrieder, Daimler’s supervisory board chairman. 

“By spinning off the commercial-vehicle business, we aim to create value for our shareholders, increase our profitability and fully exploit our potential."

Automotive News Europe reported that some analysts believe Mercedes-Benz will be viewed similarly to Tesla or Lucid, targeting an EV multiple (an indicator that can be used to value stock), but suggested that a major challenge for the firm will be the shift from internal combustion engines.   

"Lucid and Tesla get to start at 100% EV,” said Tom Narayan, European auto analyst at RBC Capital Markets. “For Mercedes, you have to convert your existing ICE business to EVs. That may be a limitation on how far the multiple could go near-term.”

Join the debate

Comments
6
Add a comment…
TheOmegaMan 1 February 2022

Oh and Autocar - it should be 'Daimler' in the title, not 'Daimer'

QuestionEverything 1 February 2022
They might as well remove their heritage. Today's Mercedes are nowhere near as good as the cars they produced upto the early 90's. The styling these days is dodgy & aimed at the sort of people that go to Dubai to 'influence'. They've lost their exclusivity & class.
MaxTorque 1 February 2022
I couldn't agree more
TheOmegaMan 31 January 2022

Dunno why they just didn't go back to being Daimler-Benz after the Chrysler debacle.

And what are the stylists doing at Merc these days? It's a Mercedes for goodness sake, give it a slatted grille with a three pointed star on top. 

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Reset your password

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

A link has been emailed to you - check your inbox.



Don't have an account? Click here to register

Privacy Notice

Haymarket Media Group, publishers of Autocar Business, takes your privacy seriously. Our Automotive B2B brands and partners would like to keep you updated by email, phone and SMS with information and opportunities which we hope will help you in your work. Learn more about how we use your information when creating an online account. We believe we can demonstrate a legitimate interest in using your details for marketing messages, but if you do NOT wish to receive these messages, please click here.

I DON'T want messages from Autocar Business or other Automotive B2B brands via the following channels:
by email       by phone       by SMS

I DON'T WANT messages from you on behalf of your trusted partners via the following channels:     by email

We will use your information to ensure you receive messages that are relevant to you. You can unsubscribe at any time. Please see our Full Privacy Notice for more information.