Daimler won't be split in two: Report

Daimler's trucks boss Andreas Renschler said there are no plans to split the German company into a passenger car maker and a truck maker, according to Euro am Sonntag newspaper.

"We think that we can lift the value added in the current constellation as well," he said in an excerpt of an interview to be published by the weekly paper on Sunday.

Analysts had said the company's valuation was 25 per cent below the valuation of its parts, raising concerns over whether the current company structure was appropriate, the paper said.

Daimler said on Friday it would increase its 2010 operating profit outlook as part of its second-quarter report on July 27, after unveiling strong preliminary results powered by its Mercedes-Benz luxury car brand.

Renschler also told Euro am Sonntag the trucks business' recovery was that in the broader market.

European Union commercial vehicle registrations rose 7.7 per cent in May as businesses began to invest again after the downturn, industry figures showed on Friday.