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Dr. Dieter Zetsche

Latest Mercedes-Benz News

Possible CEO Candidate of Daimler Leaves

According to the people within Daimler, board member Andreas Renschler is considered as a possible CEO candidate of Daimler to succeed Dr. Dieter Zetsche when his contract ends on 2016. So, it came as a shock to the company when the announcement of his resignation came. Renschler’s Departure is a Huge Loss for Daimler The 55-year old senior board member of the giant car and truck manufacturer has a good reputation within the company as he took charge f the manufacturing operations and procurement of Mercedes-Benz in April 2013 and he also spearheaded the global market expansion of Daimler trucks. His other key responsibilities include managing the establishment of plants for… Continue Reading »

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Daimler Posts Q2 Earnings

Daimler AG has posted its official report of earnings for the second quarter of 2013, and the outlook is good for the German company that owns Mercedes-Benz. Highlights include a net profit of €4.583 billion, which translates to around $6.05 billion, from total revenue of €29.7 billion (around $39.2 billion). Overall, the figures compare favorably to the figures for the same period last year. Net profit was only at €1.57 billion in Q2 2012, while revenue is up from €28.9 billion. Group EBIT is up from €2.268 billion in Q2 2012 to €5.242 billion for this year’s second quarter. In addition, the numbers confirm the outlook from initial EBIT reports; that is, the Daimler group should… Continue Reading »

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Daimler Chair, Mercedes-Benz Cars Chief Buys 22,000 Daimler Shares

In a move that’s seen largely as a vote of confidence in the measures the company has been taking recently, Daimler AG Board Chairman and Mercedes-Benz Cars Head Dr. Dieter Zetsche has just acquired a whopping 22,000 shares of Daimler AG, an investment that’s valued at around €1,146,000 (around $1.5 million). The money Dr. Zetsche used to purchase the shares in the company were from a windfall he had off a 2004 stock option plan. “With this share purchase, Dieter Zetsche is underscoring his confidence in a sustained and positive development for Daimler,” said Corporate Spokesman and Head of Global Communications at Daimler AG, Jorg Howe. “At the same time, it… Continue Reading »

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Faulty Airbags Result To The Recall Of 3,500 Citans

Over 3,500 Mercedes-Benz Citan vans were recalled because of faulty airbags, a report from NewStraitsTimes said. A Daimler spokesperson confirmed the news and stated that the decision was due to the poor test results involving the box-type Citan airbags. The representative revealed that the airbags of the van scored three out of five stars in an NCAP crash test survey. Daimler CEO, Dr. Dieter Zetsche, admitted that the results were unsatisfactory. However, he added that they are currently looking into the matter now. It should be known that the company constantly reminds consumers through their ads that they have the safest vehicles in the world. Thus, this issue may somewhat… Continue Reading »

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Daimler Decides To Re-Evaluate Its Position In The Market

With the very unpredictable onslaught of the economic problems in Europe, Daimler has decided to re-evaluate their position in the market. The company revealed that they will review their targets for the present year in their recent conference in Berlin with shareholders. The automaker previously relied on forecast of increased sales this year up to the following year. However, many analysts are now saying that a second profit warning may be imminent due to the weak start of the company in its key markets, especially Europe. According to CEO Dieter Zetsche, the end of the crisis cannot be determined yet. So he told the shareholders that there are no signals… Continue Reading »

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Mercedes-Benz Issues Apology for the Controversial Che Guevara Photo

We could all agree for sure that Mercedes-Benz is definitely a revolutionary car brand. For generations, Mercedes-Benz never ceased to amaze people with their innovations in terms of performance, features, design and other awesome factors. But when Dr. Dieter Zetsche tried to put emphasis on the revolutionary characteristic of the brand by featuring Ernesto “Che” Guevara, it sparked the ire of the key political figures in the Cuban-American community and two prominent lawmakers in the U.S. according to Fox News. The news source said that the incident occurred during the keynote speech of the Daimler CEO at the Consumer Electronics Show in Las Vegas. Apparently, the image of the Cuban… Continue Reading »

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CLA-Class Marks the Arrival of a Style Rebel

Not only was the price range of the new CLA-class lowered to cater to younger buyers. Mercedes-Benz also revolutionized its style and design to go with the preferences of people who are young and young at heart. This was revealed by Joachim Schmidt, sales chief of Mercedes, during an interview at the eve of the Detroit Auto Show. He added that the new class will pave way to more opportunities for the brand in the US. Schmidt also stated that their goal is to repeat the success story of the CLS in the whole new chapter of the storied track of Mercedes-Benz. “The CLA is a Style Rebel.” This was… Continue Reading »

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