German car maker Daimler AG (DAI) said Friday it planned to delist its shares from the New York Stock Exchange, citing changed investor behavior and consistently low trading volume.

International investors now primarily trade Daimler shares in Germany and through electronic trading platforms, the company said.

Also, Daimler's trading volume in the U.S. has been consistently low and, over a 12-month period, amounted to an average of well below 5% of the world-wide trading volume, according to the company.

Daimler will also apply to the Securities and Exchange Commission for deregistration of all its securities.

-Polya Lesova; 415-439-6400; AskNewswires@dowjones.com
Daimler AG Common Stock (NYSE:DAI)
Historical Stock Chart
From Nov 2024 to Dec 2024 Click Here for more Daimler AG Common Stock Charts.
Daimler AG Common Stock (NYSE:DAI)
Historical Stock Chart
From Dec 2023 to Dec 2024 Click Here for more Daimler AG Common Stock Charts.