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ARTICLE · 05 MARCH 2020

Rejected By Wall Street, Ford's CEO Has Support Where It Matters

German cars and trucks maker Daimler said it would revamp the management of its finance, production, and development portfolios to remove duplicate layers...

CanadaTransport

DAIMLER CHANGES

German cars and trucks maker Daimler said it would revamp the management of its finance, production, and development portfolios to remove duplicate layers between Mercedes-Benz and Daimler AG. As a result, Daimler's Chief Financial Officer Harald Wilhelm will take over responsibility as finance chief at Mercedes-Benz AG from April 1 and Mercedes-Benz Chief Financial Officer Frank Lindenberg will leave, the company said. Wolf-Dieter Kurz will take on responsibility for product strategy and steering at Mercedes-Benz Cars.

Source: Reuters

PORSCHE REACHES TOP OF CR BRAND RANKINGS; TESLA RISES TO 11TH

Porsche and Genesis took the top two spots of Consumer Reports' annual ranking of the most reliable automotive brands. Subaru, which won the top spot in 2019, fell to third place.

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