GM denies reports of proposed hike in CEO Akerson's 2013 payFeb. 26, 2013 02:11 CET  GM today strongly denied several media reports that it has requested an increase in CEO Dan Akerson's 2013 compensation. Akerson's pay last year of $11.1 million ended up being higher than the $9 million originally requested primarily because he received restricted stock units that were earned in 2011, a GM official who requested anonymity said. General Motors is proposing to pay CEO Dan Akerson $11.1 million this year, according to a document obtained by Bloomberg News.... Read More »
Daimler cuts Zetsche's pay as management bonuses are reduced 6:49 am U.S. ET | Feb. 25, 2013  Daimler has cut CEO Dieter Zetsche's total pay by 5.8 percent to 8.15 million euros for 2012 as managers' bonuses were reduced following the scrapping of profit targets.... Read More »
China's wealth fund is unlikely to become key Daimler shareholder, Uebber saysFeb. 25, 2013 12:59 CET  Daimler does not expect China's sovereign wealth fund to take a 10 percent stake in the automaker, thereby giving the automaker another anchor shareholder besides Kuwait. Chief Financial Officer Bodo Uebber told a German newspaper today that Chinese investment in the company is unlikely.... Read More »
Daimler cuts Zetsche's pay as management bonuses are reducedFeb. 25, 2013 12:49 CET  Daimler has cut CEO Dieter Zetsche's total pay by 5.8 percent to 8.15 million euros for 2012 as managers' bonuses were reduced following the scrapping of profit targets.... Read More »
Zetsche aims to lift Mercedes' China sales 50% by 2015Feb. 22, 2013 06:01 CET  Daimler CEO Dieter Zetsche has vowed to raise the Mercedes brand's China sales 50 percent by 2015 after the automaker's deliveries last year rose only 2 percent to 196,211 units.... Read More »
Bernhard moved from Mercedes cars to Daimler TrucksFeb. 21, 2013 16:21 CET  Daimler swapped the roles of Mercedes production and purchasing chief Wolfgang Bernhard and Daimler Trucks head Andreas Renschler at a supervisory board meeting on Thursday. The board also extended CEO Dieter Zetsche's contract until the end of 2016.... Read More »
Daimler shifts Bernhard from Mercedes cars to head trucks division 10:21 am U.S. ET | Feb. 21, 2013  Daimler swapped the roles of Mercedes production and purchasing chief Wolfgang Bernhard and Daimler Trucks head Andreas Renschler at a supervisory board meeting today. The board also extended CEO Dieter Zetsche's contract until the end of 2016.... Read More »
DOUGLAS A. BOLDUC A Mercedes in half the time 12:01 am U.S. ET | Feb. 8, 2013  Daimler is determined to build its Mercedes-Benz and Smart cars in half the time it took just six years ago. Back then, the average production time at the Daimler subsidiaries was 60 hours, excluding the powertrain.... Read More »
Daimler CEO Zetsche vows comeback with 13 new modelsFeb. 7, 2013 16:04 CET  Daimler CEO Dieter Zetsche will roll out 13 new models with no predecessor in the next eight years to hep Mercedes retake the top spot in luxury-car sales by 2020.... Read More »
DOUGLAS A. BOLDUC Zetsche: If Winterkorn can do it, so can I 12:01 am U.S. ET | Feb. 7, 2013  Dieter Zetsche plans to keep his double role as Daimler chairman and Mercedes CEO despite the different challenges facing the businesses.... Read More »
Daimler sees flat 2013 profit after 10% fall last year 3:19 am U.S. ET | Feb. 7, 2013  Daimler forecast unchanged 2013 profit as spending for new models and a revamp of the automaker's operations eat into earnings. The company said earnings fell 10 percent in 2012.... Read More »
U.S., China boost Mercedes' January salesFeb. 6, 2013 13:58 CET  Global sales at Mercedes-Benz Cars unit rose 8.1 percent to 102,180 in January as the United States and China helped lift demand.... Read More »
Germans A-OK in the USAFeb. 6, 2013 06:01 CET  German automakers expect to partially offset Europe's sales slump with another year of double-digit volume gains in the hot U.S. market. “We expect to grow by about 10 percent this year,” Mercedes-Benz USA CEO Steve Cannon told Automotive News Europe... Read More »
Zetsche's next term turns on Mercedes passing BMWFeb. 5, 2013 06:01 CET  Daimler's board is set to extend CEO 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.... Read More »
Daimler will buy 12% stake in Beijing Auto's car unitFeb. 1, 2013 12:04 CET  Daimler will pay 640 million euros for a 12 percent stake in the car unit of Chinese partner Beijing Automotive and get two seats on the board, the German company said on Friday.... Read More »
Daimler near deal to take stake in China partner, report saysJan. 31, 2013 10:41 CET Daimler will sign a deal in Germany on Friday to take a 10 percent to 20 percent stake in Beijing Automotive Group's car unit, China's National Business Daily newspaper said on Thursday. Daimler aims to secure influence in its Chinese partner ahead of BAIC's initial public offering, people familiar with the matter said.... Read More »
FINAL ASSEMBLY Zetsche's job seems secure (says Zetsche) 12:01 am U.S. ET | Jan. 28, 2013 Daimler CEO Dieter Zetsche's future has been the subject of speculation, but the former Chrysler boss says we can stop speculating. He says he's pretty sure his contract will be extended before it expires at year end.... Read More »
Daimler starts production of Mercedes CLA in HungaryJan. 25, 2013 13:00 CET  Daimler has begun production of a coupe-styled Mercedes compact alongside the B class in Hungary. The CLA is one of three new compacts that the automaker is planning to launch before 2015.... Read More »
Mercedes to add 2 models to S-class rangeJan. 25, 2013 06:01 CET  Mercedes-Benz's redesigned S-class range will grow from three vehicles to five with the addition of a convertible and an ultraluxury sedan.... Read More »
Zetsche expects to stay on as Daimler CEOJan. 21, 2013 08:51 CET  Daimler CEO Dieter Zetsche says he expects to have his contract renewed by the company's supervisory board in February after his current term as head of the car and truck maker expires at the end of this year.... Read More »
NORTH AMERICAN INTERNATIONAL AUTO SHOW Mercedes to add 2 models to S-class range 12:01 am U.S. ET | Jan. 21, 2013  Mercedes-Benz's redesigned S-class range, which begins to arrive this fall, will grow from three vehicles to five with the addition of a convertible and an ultraluxury sedan.... Read More »
Daimler to sell Smarts via Twitter-like service in ChinaJan. 17, 2013 06:01 CET  Daimler will sell a limited edition of its Smart ForTwo using a Twitter-like service in China as it tries to tap the country's 564 million Internet users.... Read More »
Zetsche says Daimler must fix China operations to catch BMW, AudiJan. 15, 2013 07:49 CET  Daimler CEO Dieter Zetsche said the Mercedes brand must turn around its struggling Chinese operations to catch up with BMW and Audi.... Read More »
2013 DETROIT AUTO SHOW Mercedes E class undergoes major midcycle refresh 11:55 am U.S. ET | Jan. 14, 2013  Mercedes-Benz introduced an all-new car in a new segment and a restyled venerable E class today at the Detroit auto show. But while Daimler Chairman Dieter Zetsche devoted one sentence to the all-new CLA compact sedan, he pulled out all the stops for a mid-cycle restyling of the high-volume E class sedan.... Read More »
Daimler to extend Zetsche's contract, report saysJan. 13, 2013 14:31 CET  Daimler will extend CEO Dieter Zetsche's contract by five years, two years more than expected, a German magazine reported.... Read More »
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