Daimler boosts pension assets

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Daimler AG's Supervisory Board has decided to add around EUR1.8bn to the company's pension assets. The pension contribution will be made in form of a transfer of the shares in Renault S.A. and Nissan Motor Co. Ltd. to the pension assets of Daimler AG. The transfer will result in a onetime positive EBIT impact in 2016 of about EUR0.5bn.