Latest news with #DaimlerAG
Reuters
4 days ago
- Automotive
- Reuters
Mercedes in talks to sell leasing subsidiary to BNP, reports Bloomberg
FRANKFURT, Aug 13 (Reuters) - Mercedes-Benz ( opens new tab is in advanced talks with France's BNP Paribas ( opens new tab about the sale of the German carmaker's leasing subsidiary Athlon, Bloomberg News reported on Wednesday. The sale is not yet certain as there are other interested parties, Bloomberg reported, citing several people familiar with the matter. The subsidiary is valued at about 1 billion euros ($1.17 billion), it cited one of the sources as saying. Mercedes, at the time Daimler AG, bought Athlon - one of the leading leasing providers in Europe, with a presence in 20 countries - from Dutch bank Rabobank in 2016 for $1.1 billion. A Mercedes spokesperson said the company is continuously reviewing strategic options for its business, including Athlon. BNP, which is already active in the vehicle leasing business through subsidiary Arval, was not immediately available for comment. ($1 = 0.8529 euros)
Yahoo
07-07-2025
- Automotive
- Yahoo
Daimler Truck Holding AG's (ETR:DTG) largest shareholders are individual investors with 36% ownership, public companies own 31%
Significant control over Daimler Truck Holding by individual investors implies that the general public has more power to influence management and governance-related decisions 51% of the business is held by the top 8 shareholders Institutional ownership in Daimler Truck Holding is 23% AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early. To get a sense of who is truly in control of Daimler Truck Holding AG (ETR:DTG), it is important to understand the ownership structure of the business. With 36% stake, individual investors possess the maximum shares in the company. In other words, the group stands to gain the most (or lose the most) from their investment into the company. And public companies on the other hand have a 31% ownership in the company. Let's take a closer look to see what the different types of shareholders can tell us about Daimler Truck Holding. Check out our latest analysis for Daimler Truck Holding Institutions typically measure themselves against a benchmark when reporting to their own investors, so they often become more enthusiastic about a stock once it's included in a major index. We would expect most companies to have some institutions on the register, especially if they are growing. Daimler Truck Holding already has institutions on the share registry. Indeed, they own a respectable stake in the company. This implies the analysts working for those institutions have looked at the stock and they like it. But just like anyone else, they could be wrong. It is not uncommon to see a big share price drop if two large institutional investors try to sell out of a stock at the same time. So it is worth checking the past earnings trajectory of Daimler Truck Holding, (below). Of course, keep in mind that there are other factors to consider, too. We note that hedge funds don't have a meaningful investment in Daimler Truck Holding. Our data shows that Mercedes-Benz Group AG is the largest shareholder with 31% of shares outstanding. With 5.3% and 5.1% of the shares outstanding respectively, Mercedes-Benz Pension Trust e.V. and Kuwait Investment Authority are the second and third largest shareholders. We did some more digging and found that 8 of the top shareholders account for roughly 51% of the register, implying that along with larger shareholders, there are a few smaller shareholders, thereby balancing out each others interests somewhat. While it makes sense to study institutional ownership data for a company, it also makes sense to study analyst sentiments to know which way the wind is blowing. There are a reasonable number of analysts covering the stock, so it might be useful to find out their aggregate view on the future. While the precise definition of an insider can be subjective, almost everyone considers board members to be insiders. Management ultimately answers to the board. However, it is not uncommon for managers to be executive board members, especially if they are a founder or the CEO. Insider ownership is positive when it signals leadership are thinking like the true owners of the company. However, high insider ownership can also give immense power to a small group within the company. This can be negative in some circumstances. We note our data does not show any board members holding shares, personally. It is unusual not to have at least some personal holdings by board members, so our data might be flawed. A good next step would be to check how much the CEO is paid. The general public-- including retail investors -- own 36% stake in the company, and hence can't easily be ignored. While this size of ownership may not be enough to sway a policy decision in their favour, they can still make a collective impact on company policies. We can see that Private Companies own 5.3%, of the shares on issue. It might be worth looking deeper into this. If related parties, such as insiders, have an interest in one of these private companies, that should be disclosed in the annual report. Private companies may also have a strategic interest in the company. It appears to us that public companies own 31% of Daimler Truck Holding. This may be a strategic interest and the two companies may have related business interests. It could be that they have de-merged. This holding is probably worth investigating further. While it is well worth considering the different groups that own a company, there are other factors that are even more important. Case in point: We've spotted 2 warning signs for Daimler Truck Holding you should be aware of, and 1 of them is concerning. Ultimately the future is most important. You can access this free report on analyst forecasts for the company. NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Yahoo
21-05-2025
- Automotive
- Yahoo
Daimler Truck taps IT veteran to fill CIO role
This story was originally published on CIO Dive. To receive daily news and insights, subscribe to our free daily CIO Dive newsletter. Daimler Truck appointed Raghavendra Vaidya as CIO effective June 1, the company said Thursday. Vaidya will lead the company's IT, replacing Marcus Claesson, who served in the position for more than five years and is leaving at his own request, the company said. Vaidya began working for Daimler AG in 2016, before Daimler Truck was spun out as a separate company in 2021. He was initially brought in as SVP of IT at Mercedes-Benz Research and Development India and currently serves as managing director and CEO at Daimler Truck Innovation Center India, overseeing IT Operations in India. Prior to Daimler AG, Vaidya held several leadership roles at GE. In a March earnings report, Daimler Truck said it expects an operationally strong 2025 compared with 2024, when it saw softer markets in Europe and Asia despite strong North American sales. The company also noted its push to boost productivity and that it's currently 'working on revisiting and adjusting the Group strategy,' which it plans to present to stakeholders on July 8. Daimler Truck's CIO appointment is the latest in a growing list of tech executive comings and goings this spring where transformation has emerged as a central theme. Earlier this month, Naveen Seshadri was promoted to global chief digital officer at Ralph Lauren, an appointment he began in April ahead of the luxury brand's earnings call later this week. Former chief digital and technology officer Christopher Conrad left the company in January after less than a year in the role and is now chief technology and information officer at clothing retailer Aritzia. Seshadri, who joined Ralph Lauren in 2024, said he plans to focus on customer experience across every touchpoint -- from physical stores to digital properties. 'With a sharp focus on personalization, AI, platform modernization, and cross-channel commercial growth, we're building for the future with both magic and logic,' he said in a LinkedIn post. John Armstrong, formerly VP of global enterprise data and applications at Burberry, will become CIO at Regent's University London effective June 2, with the university noting Armstrong's experience as a 'transformational technology leader' in its announcement. In January, Burberry appointed Charlotte Baldwin to the role and said she would start at the end of March. Drew Martin is now CIO at Fat Brands, which owns 18 restaurant brands including Fatburger, Buffalo's Cafe and Ponderosa. Martin has a varied IT background, previously holding leadership roles at Jack in the Box, Sony and Lytx, a video telematics company. Meanwhile, Shelia Anderson departed Aflac, where she served as EVP and CIO for just under three years, to become EVP and chief information and digital officer at Unum Group. 'The opportunity to build and mature smarter, more customer-centric solutions in this space has never been more exciting and I'm thrilled to be on this journey with this forward-thinking team,' Anderson said in a LinkedIn post. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Bloomberg
13-05-2025
- Automotive
- Bloomberg
Daimler Truck Cuts Guidance, Citing North America Uncertainty
Daimler Truck Holding AG cut its sales and profit guidance for the year, citing increasing economic uncertainty in North America. Adjusted earnings before interest and tax is now expected to range between –5% and +5% year-over-year because of the expectation for reduced sales volumes in North America, the German truckmaker said after the close of trading on Tuesday.
