Establishment of ‘Daimler Trucks and Buses China Ltd.' strengthens Daimler's commercial vehicle business in China

• Legally independent entity for trucks and buses in China

• Even stronger focus on specific needs of commercial vehicle market

• Exploring new business opportunities for Daimler Buses

• Hubertus Troska: "We continue the structural realignment of our business in China with ‘Daimler Trucks and Buses China.'"

Stuttgart/Beijing – Daimler AG further enhances its clout on the important Chinese market. With the foundation of ‘Daimler Trucks and Buses China Ltd.' (DTBC), the company establishes a legally independent entity for its truck and bus business in China. The entity has already obtained its business license from the Chinese authorities. In his function as President and CEO of DTBC, Robert Veit, hitherto Executive Vice President Daimler Trucks China, will directly report to Hubertus Troska, responsible for China on the Daimler Board of Management. The structural independence will enable DTBC to increase its focus on the specific needs of customers of commercial vehicles. At the same time, integrating the bus business will create room for exploring new business opportunities.

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