Hyperdrive
Daimler’s Legal Risks Around Emissions Linger in Midst of Revamp
- Current or former board members may face claims, chairman says
- Company plans to spin off truck unit, launch key electric cars
Photographer: Krisztian Bocsi/Bloomberg
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Daimler AG shares have soared since the pandemic forced the Mercedes-Benz maker to postpone its annual shareholders’ meeting around this time a year ago. Its chairman’s swan song will still hit some low notes.
Investigations into diesel emissions have been on the agenda of almost every supervisory board meeting of late, Chairman Manfred Bischoff wrote in a letter to shareholders ahead of Daimler’s annual meeting Wednesday. A separate European Commission probe into whether the company colluded with German peers Volkswagen AG and BMW AG on emissions technology also remains an important issue, he added.