BERLIN—Daimler AG will be formally renamed Mercedes-Benz Group AG on Tuesday—nearly a year after the spin-off of its truck and bus division was announced—in a move its boss hopes will unlock shareholder value for the premium carmaker.
The change is the latest in a string of structural reshuffles for the carmaker that began its life as Daimler-Benz AG in 1926. The Mercedes brand, named after the daughter of an automobile entrepreneur, was officially adopted by Daimler AG in 1902.
