The news that Daimler CEO Dieter Zetsche will resign in May of next year has pundits puzzling over the reason for this move. For insights, DW turned to Christian Stadler, a professor at the Warwick Business School.
The chief executive of German carmaker Daimler, Dieter Zetsche, will resign from his post in May 2019, the Stuttgart-based company has announced. His contract would have expired in December of next year.
German carmaker Daimler has reported a significant drop in bottom-line profit for the third quarter. It attributed the result to a number of one-off effects, including the introduction of a new emissions test cycle.
Daimler chief Dieter Zetsche has been called into the German Transport Ministry to answer questions about just how many Mercedes vans and other cars need to be fixed via software updates to meet emissions rules.
The German Transport Ministry has said premium carmaker Daimler will have to recall over 200,000 cars in Germany alone over the suspected use of defeat devices in diesels. The firm pledged "full cooperation."
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