DaimlerChrysler is planning to reorganise its truck division to increase profits and save costs by sharing components among at its European, US and Asian units and affiliates, according to Bloomberg News.

The plan will be presented to investors in the “not too distant future,” spokesman Othmar Stein told the news agency, adding, without providing details, that the reorganisation would happen over a period of five to 10 years.

Bloomberg News noted that Eckhard Cordes, who heads the commercial vehicles operations, wants the company’s brands, including US-based Freightliner and the Mercedes-Benz unit in Germany, to save on parts that can’t be seen, such as drivetrains, axles and chassis.