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Kaellenius does have his work cut out for him. Daimler issued a profit warning earlier this year, hit by the rising cost of trade tariffs and problems getting the Mercedes vehicle fleet to conform to stricter anti-pollution standards. Global auto sales are starting to wane and industry profits are being crimped by heavy investments into electric cars. Daimler now faces scrutiny from regulators and prosecutors about diesel pollution as part of a broader clampdown on toxic fumes which has seen customers shun diesel cars, leaving German workers worried about jobs tied to engine assembly.
In 2013, labor leaders, who command half the seats on the company’s board of directors, opposed deeper restructuring measures and forced Zetsche to reassign cost-cutting specialist Wolfgang Bernhard as a condition for extending his contract as CEO, Zetsche did push through several restructurings in the last decade to try to restore the premium status of the Mercedes-Benz brand in the wake of an expensive merger with mass market manufacturer Chrysler, Kaellenius, who has a qualification in international management from the Stockholm School of Economics, and experience in the United States, has introduced Silicon Valley management techniques at the replica cartier cufflinks carmaker to speed up the pace of innovation to keep up with the software industry..
Currently Head of Group Research and Mercedes-Benz Cars Development, Kaellenius has helped Zetsche to sweep away layers of bureaucracy and encourage a more experimental approach to new products, changing a culture of strict hierarchies and meticulous planning. “Kaellenius has been crown prince for a while, and he represents change. He is young, intelligent, has a good management style and is simply a different kind of animal from many other top managers in the auto industry,” Juergen Pieper, an analyst with Bankhaus Metzler said.
PARIS (Reuters) - The board of Airbus (AIR.PA) is holding an unusual meeting in China as the European planemaker implements plans to increase local assembly replica cartier cufflinks of jets - a hike that could help unlock talks over a long-delayed deal to sell up to 180 jets, industry sources said, The board of Europe’s largest aerospace group traveled to the world’s fastest-growing aviation market for an annual off-site “strategy” session coinciding with the 10th anniversary of the inauguration of Airbus jet assembly at Tianjin near Beijing..
Despite efforts to prevent electronic eavesdropping on discussions held on Chinese soil, the board is expected to stay well clear of sensitive subjects. Besides building jets, Airbus is a major European defense contractor, responsible for the production of France’s nuclear missiles and German fighters. “They are not going to talk about everything. It will be a general discussion,” an industry source told Reuters. The head of the Airbus planemaking division, Guillaume Faury, seen as a possible successor to Chief Executive Tom Enders whose mandate expires next year, is also in China for the off-site meeting, a person familiar with the matter said.
A spokesman for Airbus said it would not comment on the movements of its senior management or on details of the meeting, said to be taking place in a secured private location, replica cartier cufflinks Booming Chinese air travel is a major driver of record Western production of passenger jets, while China is preparing to showcase its own aerospace industry at an air show next month, Airbus earlier this year announced plans to increase the number of its best-selling A320-family medium-haul jets assembled at Tianjin from 4 a month to 6 a month by 2020, representing about a tenth of total A320 output..
A year ago it added a completion plant for A330 aircraft in Tianjin, hoping for a boost for its slow-selling A330neo model which gained European safety certification on Wednesday. However plans for a landmark sale of up to 180 jets during a visit to China by French President Emmanuel Macron in January fell through shortly after a perceived gaffe by two European envoys over China’s sensitive historical relationship with Japan. In June, industry sources said the two sides were once again in jet sale talks bolstered by the production increase and at the Farnborough Airshow a month later, Chinese interests were said to be behind a number of anonymous deals.
DEARBORN, Mich, (Reuters) - With its stock trading near a 6-year low replica cartier cufflinks late last month, Ford Motor Co (F.N) CEO Jim Hackett gathered the automaker’s top 300 executives near its headquarters in Michigan for a global leadership meeting, Hackett’s message: Ford must put in motion plans to restructure its business now in order to secure promised costs savings, Ford executives present at the meeting said, “We have clarity of purpose and now it’s time to take action,” Hackett told Reuters in an interview..