Volvo AB, the world’s second- largest truckmaker, posted its first order growth in six quarters as customers in recession-plagued Europe prepared to replace vehicles in advance of stricter emissions rules.
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 , 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 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.
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.