DaimlerChrysler rides off into sunset
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The last remnant of the ill-fated "merger of equals" has been put into the history books after shareholders voted to rename the company Daimler AG and the car division Mercedes-Benz Cars, reports Reuters. The company had announced its renaming proposals prior to the start of the shareholder's meeting.
The change of the car division's name to Mercedes-Benz cars was done in part to placate a number of shareholders who felt that Karl Benz's name should be a prominent part of the company's face, which used to be known as Daimler-Benz. The Benz name also appears in the new names of the van division and corporate bank, which become Mercedes-Benz Vans and Mercedes-Benz Bank, respectively.
Other name changes include the renaming of the truck division to Daimler Trucks, bus division to Daimler Buses, and the financial services arm is now known as Daimler Financial Services.
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