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Automakers

Daimler CEO Zetsche hands over reins with need for deep savings

Daimler's Zetsche (right) shakes hands with and incoming CEO Ola Kallenius at the automaker's 2019 annual meeting in Berlin on May 22. The meeting marked the end of Zetsche's 13-year tenure as CEO. (Reuters)
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By:
Christoph Rauwald
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By:
Bloomberg
|
May 22, 2019 08:17 AM

FRANKFURT -- Bidding farewell to the company he led for more than a decade, Daimler CEO Dieter Zetsche urged sweeping cost cuts to prepare the carmaker for unprecedented industry upheaval.

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