Mercedes to Sell Part of €12 Billion Daimler Truck Stake

Mercedes-Benz Group AG plans to sell some of its stake in Daimler Truck Holding AG to raise funds as it grapples with weakening sales and margins.

The luxury-car maker will offload part of its roughly 35% holding in the truck and bus manufacturer this year, Chief Financial Officer Harald Wilhelm said Thursday. The entire stake is worth around €12 billion ($14.2 billion).