Daimler steps up profit push on share price boost

Industrial sway: New haulage trucks loaded onto a train at the customer delivery centre outside the Daimler AG truck factory in Woerth, Germany. Daimler’s truck division, the world’s largest producer of heavy-duty vehicles, remains a healthy business. ─ Bloomberg

FRANKFURT: Now that Daimler AG has been rewarded a share-price bump for embracing a breakup that investors long desired, it’s intensifying efforts to improve returns and keep the market-value momentum going.

The spinoff of Daimler Truck announced earlier this month was a historic step toward abandoning the conglomerate structure that’s been weighing on the German manufacturer’s valuation for years.