Succession Plans

Daimler CEO Zetsche likely to have contract extended, executives say

April 10, 2014 11:14 CET
Daimler CEO Dieter Zetsche is poised to have his contract extended beyond 2016 as current product momentum and improving profits work in his favor, senior company sources said....
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EDITORIAL

Why dealership succession plans matter so much

12:01 am U.S. ET | Jan. 27, 2014
Blue sky values are high for now. So it's time for dealer principals, especially in family-owned businesses, to assess the long-term health of their operations. The desire to pass along a healthy business to the next generation is powerful. But that makes succession planning and training even more essential....
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NADA PREVIEW: SUCCESSION STRATEGIES

Planning ahead is key to keeping the business in the family, experts say

12:01 am U.S. ET | Jan. 20, 2014
Without proper succession planning, a dealer could leave behind a legacy of litigation and failed business and family relationships. That's why many experts agree dealers should start succession planning when they are in their late 40s or early 50s. A dealer who does a proper job of succession planning, including training a successor, can ease into retirement while maintaining a good standard of living....
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Canadian dealer buries a Jeep, hires an ambassador and puts on the Ritz

Canadian dealer buries a Jeep, hires an ambassador and puts on the Ritz

At Bay King Chrysler, Dodge, Jeep, Ram in Hamilton, Ontario, dealer Jamie Richter has put luxury-hotel touches in his new showroom. They include concierges who see to the needs of service customers. Mon., December 15
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