|Bid||0.00 x 250000|
|Ask||0.00 x 250000|
|Day's range||64.81 - 66.46|
|52-week range||21.06 - 67.59|
|Beta (5Y monthly)||1.61|
|PE ratio (TTM)||19.59|
|Forward dividend & yield||1.35 (2.03%)|
|Ex-dividend date||01 Apr 2021|
|1y target est||N/A|
Daimler has picked banks to help with the planned listing of its trucks unit that the carmaker seeks to increase its investor appeal as a focused electric, luxury car business, people close to the matter said. Goldman Sachs, Citi and BNP Paribas will help Daimler with equity workstream in the spin-off preparations, while JP Morgan, Deutsche Bank, Citi and BNP will help on the debt side, they added. Daimler and the banks declined to comment or were not immediately available for comment.
Daimler Trucks' shift to zero-emission vehicles will lead to thousands of job losses at the company's German powertrain plants by 2033, its chairman said on Thursday, adding cuts would be gradual and achieved via retirements and voluntary packages. "This is no revolution coming over night, this is an evolution," Martin Daum told journalists on a conference call. Electric vehicles have far fewer moving parts than traditional combustion engine models and as automakers shift production their engine and powertrain plants are expected to employ far fewer people over time.
Shares of ArcLight Clean Transition (NASDAQ: ACTC) popped as much as 12% this morning after Proterra, which is merging with the special purpose acquisition company (SPAC), scored part of a landmark deal for electric school buses. The board of education in Maryland's Montgomery County, a suburb just outside of Washington, D.C., has approved a massive contract for electric school buses, the largest municipal deal for buses ever. The contract to lease over 300 electric buses spans 16 years and is valued at $169 million.