Daimler AG sign is pictured at the IAA truck show in Hanover, Germany, September 22, 2016. REUTERS/Fabian Bimmer/File Photo/File Photo

Daimler Truck aims to cut costs and boost profit across all regions by 2025 as it goes “all in” for electric and hydrogen fuel cell powered vehicles, the world’s largest truck and bus maker said on Thursday.

German carmaker Daimler (DAIGn.DE) plans to spin off Daimler Truck later this year as it seeks to increase its investor appeal as a focused electric, luxury car business. read more

“Both technologies (electric and hydrogen) will be needed,” Daimler Truck CEO Martin Daum told an

Read More At Article Source | Article Attribution