Daimler to put extra board member in charge of China - report
FRANKFURT (Reuters) - German luxury carmaker Daimler (DAIGn.DE) will enlarge its management board to put a top executive in charge of its troublesome Chinese car business, a German magazine reported on Sunday.
The additional eighth executive board seat will be created at the group's upcoming supervisory board meeting, weekly Der Spiegel reported, without specifying its sources.
A Daimler spokesman declined to comment.
Daimler's flagship car brand Mercedes lags larger German premium names BMW (BMWG.DE) and Audi (VOWG_p.DE) in China.
- Tweet this
- Share this
- Digg this
DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.