Daimler to put extra board member in charge of China: report

Sun Nov 18, 2012 12:09pm EST
 

FRANKFURT (Reuters) - German luxury carmaker Daimler (DAIGn.DE: Quote) 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: Quote) and Audi (VOWG_p.DE: Quote) in China.

(Reporting by Ludwig Burger and Christiaan Hetzner; Editing by David Cowell)

 
A emergency exit sign is pictured above a logo of German car manufacturer Daimler AG, before the annual news conference in Stuttgart February 18, 2010. REUTERS/Johannes Eisele