Dieter Zetsche To Remain Daimler CEO Until End Of 2019

Apparently, the powers-that-be in Daimer are more than satisfied with the work done by the company boss, they renewed his contract for another three years,

Dieter Zetsche has been the chairman of the board of management at Daimler since January 1, 2006, and will remain there at least until the end of 2019.

Additionally, he will hold his position as the head of the Mercedes-Benz Cars Division, too.

Discussing the contract extension, chairman of the supervisory board of Daimler AG, Manfred Bischoff said: “Daimler is more successful than ever. This proves that Dieter Zetsche pursues and implements the right strategy not only aligned with the supervisory board. He also can make employees enthusiastic for the demanding targets of the group. With the contract extension we are securing the continuity at the top needed for sustainable success.”

Under the helm of the 63-year old exec, Mercedes-Benz has cemented its position as one of the world’s leading luxury automaker. With ambitious expansion plans that include diversifying the C-Class range and the continued roll out of new-and-improved AMG models, the brand could soon achieve its goal of overtaking BMW as the highest selling luxury carmaker.

PHOTO GALLERY

Bugatti Could Be Working On An All-New Royale

Rumored to launch in 2023, the Bugatti Royale is said to be an electric vehicle which could have around 870 hp.

Someone Wants $85,000 For A Chrysler Sebring Posing As A Bentley Continental GTC

Would you spend $85,000 on a Bentley GTC replica? A real one costs far less.

Trump An Autonomous Vehicle Skeptic, Reportedly Says They’ll “Never Work”

A new report claims President Trump believes autonomous vehicles are “crazy” and said he would never ride in one.

Mid-Range Model 3 Disappears From Tesla’s Configurator

The Model 3 can now be ordered in Standard and Standard Plus or dual-motor Long Range and Performance guise.

Trump Wants GM To Either Reopen Or Sell Its Ohio Plant NOW

Donald Trump urged GM CEO to close a factory in China or Mexico in order to keep the Lordstown one operational.

Projekt Grenadier SUVs To Use BMW Engines, Promises “No-Frills Utilitarianism”

Projekt Grenadier promises to be a hardcore off-roader that draws inspiration from the original Willys Jeep and Land Rover Series 1.

All-New 2021 Mercedes C-Class Gets Its Video Taken For The First Time

The fifth-gen C-Class looks like it’ll share the same design language as the next S-Class.

Cadillac Will Build Second Round Of CT6-V, But You’ll Pay $4,000 More This Time

New buyers of the Cadillac CT6-V will have to part ways with at least $92,790.

Pagani Huayra Shooting Brake Render: Grotesque Or Awesome?

Given the placement of the engine, this hypothetical Pagani makes little practical sense .

Mid-Engine Corvette C8 Sounds Whisper Quiet During Recent Detroit Tests

The entry-level C8 Corvette will have a 6.2-liter V8 with around 500 hp.