Daimler AG’s truck business, the world’s biggest maker of the vehicles, needs to accelerate spending cuts and delivery gains to achieve this year’s earnings goal and fulfill a savings and sales-growth plan through 2014.
German factory orders unexpectedly declined for a second month in May in a sign that the euro area’s struggle to emerge from its longest-ever recession is disrupting the recovery in Europe’s largest economy.
Continental AG, Europe’s second- biggest car-parts maker, rose to the highest in almost 21 years as forecasts that the region’s car and truck markets will stop declining raised investor confidence in the industry.
Wolfgang Bernhard , production chief at Mercedes-Benz, has made four trips to central Hungary since rejoining the Daimler AG management board a year ago. His career depends on a factory being built on the region’s sandy soil.
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.
Wolfgang Bernhard, responsible for production at carmaker Daimler AG, will get his contract renewed this month, Frankfurter Allgemeine Sonntagszeitung reported, without saying where it got the information.
Daimler AG board member Wolfgang Bernhard, who is deputy head of the Mercedes brand, has been given a new five-year contract, Handelsblatt reported in a preview of an article to be published tomorrow, citing unidentified people with knowledge of the contract.