As Joachim Sander looks for a new car, he’s thinking it might be time to go electric. German Chancellor Angela Merkel will need the help of the Frankfurt IT consultant -- and a lot more like him -- to keep her word.
Daimler AG’s board is set to extend Chief Executive Officer Dieter Zetsche’s contract by five years, handing him the chance to deliver on his goals or risk the Mercedes brand falling further behind its competitors.
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.
Daimler AG Chief Executive Officer Dieter Zetsche vowed to beat Bayerische Motoren Werke AG in luxury-car sales by 2020 with a slate of new Mercedes-Benz models aimed at reversing the carmaker’s slide in market share.
Daimler AG, the world’s third- largest maker of luxury vehicles, cut its 2013 profit forecast after first-quarter earnings tumbled more than analysts expected, burdened by weaker Mercedes-Benz sales in China.