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> Is Daimler turning Chinese?

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TSEnergyAnalyst
post May 15 2019, 09:14 PM, updated 2 months ago

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https://www.motoring.com.au/is-daimler-turn...chinese-118477/

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TSEnergyAnalyst
post May 15 2019, 09:14 PM

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What the heck is going on?
TSEnergyAnalyst
post May 15 2019, 09:19 PM

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https://www.thetruthaboutcars.com/2019/05/l...faster-cheaper/

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Pewufod
post May 15 2019, 09:25 PM

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do you know how to finance a power plant project?
TSEnergyAnalyst
post May 15 2019, 10:09 PM

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https://europe.autonews.com/automakers/daim...unning-out-road

And just weeks ago....this was reported.

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TSEnergyAnalyst
post May 15 2019, 10:11 PM

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QUOTE(Pewufod @ May 15 2019, 09:25 PM)
do you know how to finance a power plant project?
*
What?
TSEnergyAnalyst
post May 22 2019, 03:28 PM

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https://europe.autonews.com/automakers/geel...t-venture-china


HippyTony
post May 22 2019, 10:18 PM

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Renault also bought into Daimler that’s why MB A series is using the Renault engine. German has no issue of having foreign shares holders.
TSEnergyAnalyst
post May 23 2019, 06:59 AM

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https://today.rtl.lu/news/business-and-tech/a/1351375.html

Flamboyant Daimler boss Dieter Zetsche bowed out after 13 years on Wednesday, leaving successor Ola Kallenius to tackle problems brewing under the bonnet of the Mercedes-Benz maker.

Zetsche, 66, is credited with saving Daimler and skillfully managing the 2007 divorce from Chrysler, but his successor faces challenges as the German car industry struggles to convert to electric vehicles.

Kallenius, previously head of research and responsible for the switch to electric, officially replaced Zetsche at the end of Wednesday's annual general meeting in Berlin.

Zetsche's departure marked the end of an era, as the 49-year-old Swede becomes Daimler's first foreign CEO in over five decades.

"Without Mr. Zetsche, Daimler would no longer exist," Ferdinand Dudenhoeffer, head of Germany's Center for Automotive Research, told AFP. "He saved them from insolvency."

Along with his bristling whiskers, Zetsche's broke with the staid codes of corporate Germany -- often making public appearances in jeans and Converse sneakers -- have made him a household name.

Newcomer Kallenius has a more low-key approach, favouring suits and smart shoes rather than trainers.

But he will have to hit the ground running as Zetsche leaves him several issues to clean up.

'Not just meatballs and Abba' -

"Swedes can do more than sell good-looking furniture. We can also do more than produce Swedish meatballs and ABBA –- just to clear up the next clichés," Kallenius wrote in a company blog just prior to his appointment.

Industry observers say Kallenius has already made his first key move, sealing a joint venture with auto giant Geely to build the next generation of Smart cars in China.

Unlike Zetsche, Kallenius is not considered a fan of the mini two-seaters, nicknamed the 'Bonsai-Benz', and will have to decide how closely Daimler will co-operate with major shareholder Geely.

Kallenius has certainly served his apprenticeship after working in the automobile sector for more than a quarter of a century.

After a spell at Daimler-Benz straight after studying economics in Stockholm and St Gallen, Kallenius became head of British racing team McLaren in 2003 and in 2009 became president and CEO of Mercedes-Benz's US operation.

Zetsche moved him up to board level in 2015 and two years later entrusted Kallenius with the research and development department -- marking him out as an heir apparent.

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