Daimler AG, the world’s third- biggest maker of luxury cars, will receive 2.43 billion euros ($3.36 billion) for the 50 percent stake in an engine joint venture that it’s selling to partner Rolls-Royce Holdings Plc.
Andreas Renschler, Mercedes-Benz operations chief and candidate to become parent Daimler AG’s chief executive officer, quit suddenly, one year after swapping jobs with the other leading contender to succeed Dieter Zetsche.
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’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.
Daimler AG nominated former Volkswagen AG Chief Executive Officer Bernd Pischetsrieder to the luxury-car producer’s supervisory board as VW hired a previous Daimler manager to run heavy-truck operations.
Daimler AG Chief Executive Officer Dieter Zetsche in early 2013 had to face down critics to hang onto his job. A year later, his strategy is gaining traction, with Mercedes-Benz closing the gap with bigger German rivals.
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.