Andreas Renschler News
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German factory orders rose more than twice as much as economists forecast in February, adding to signs that Europe’s largest economy returned to growth in the first quarter.
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German factory orders rose more than twice as much as economists forecast in February, adding to signs that Europe’s largest economy returned to growth in the first quarter.
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Daimler AG’s new trucks chief Wolfgang Bernhard aims to beat rivals Volvo AB and Scania AB in more than just sales in a bid to secure the industry’s top spot.
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German unemployment unexpectedly rose in March as renewed tensions in financial markets increased concerns the euro region’s recovery will falter.
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Daimler AG’s truck division aims to increase vehicle sales, profit and market share this year on its expansion in emerging markets and demand in Brazil.
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Daimler AG cut Chief Executive Officer Dieter Zetsche’s pay 5.8 percent amid a reduction in managers’ bonuses as the world’s third-biggest maker of luxury cars fell behind competitors in sales and dropped profit goals.
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Daimler AG extended Chief Executive Officer Dieter Zetsche’s term and named manufacturing manager Wolfgang Bernhard to run the truck unit in a possible step to the top job at the world’s third-biggest luxury-car maker.
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Daimler AG, the world’s largest truckmaker, plans to eliminate as many as 2,100 positions at its commercial-vehicles unit to improve profitability.
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MAN SE , Europe’s third-biggest truckmaker, said it will raise full-year forecasts next month and Daimler AG , the world’s biggest, said profit will recover because of growth in emerging markets such as Brazil and Russia.
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Daimler AG, the world’s largest maker of heavy-duty vehicles, expects truck sales to keep growing, even as economies show signs of cooling, as customers order vehicles into next year.
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