FRANKFURT (Reuters) - Daimler (DAIGn.DE) has no plans to spin off its trucks division or to pursue a merger with BMW (BMWG.DE) as a way to raise the company’s share price, Chief Executive Ola Kaellenius said on Wednesday.
“There are no plans to change the capital structure of Daimler,” Kaellenius told analysts on a call to discuss second-quarter results.
Kaellenius further said Daimler was not considering deeper ties with rival BMW which involved a cross shareholding or deal.
“There are no plans to combine with BMW in any way,” Kaellenius said.
Reporting by Edward Taylor; Editing by Thomas Seythal