Daimler has started the process of creating separate legal entities for its Mercedes Benz cars and Daimler Trucks divisions, a move that has fuelled speculation of an eventual break-up of the German automaker.

The company said on Monday it would invest more than €100 million in preparations for the reorganisation. It added it did not plan to divest any of its divisions and no final decisions had been made.

It also said it had reached an agreement with labour representatives that will see job guarantees extended until the end of 2029; a €3 billion contribution made to the group’s pension fund; and an extension of a profit-sharing bonus.  CEO Dieter Zetsche said in July that Daimler was considering putting parts of its business into separate legal entities, spurring talk of a possible break up as the group looks to fund big investments in autonomous and electric cars.

The company said in a separate statement on Monday that it was not pursuing any savings, efficiencies or job cuts related to the reorganisation.

Separating Daimler’s divisions could make it easier to value them and create a higher figure than for the current combined whole, with trucks and buses on their own worth €31 billion, analysts at Evercore ISI have said.

The German company’s total market value is around €72.7 billion, according to Thomson Reuters data.