Daimler to put extra board member in charge of China: report

Reuters

German luxury carmaker Daimler will enlarge its management board to put a top executive in charge of its troublesome Chinese car business, a German magazine reported on Sunday.

The additional eighth executive board seat will be created at the group's upcoming supervisory board meeting, weekly Der Spiegel reported, without specifying its sources.

Continue Reading Below

A Daimler spokesman declined to comment.

Daimler's flagship car brand Mercedes lags larger German premium names BMW and Audi in China.

(Reporting by Ludwig Burger and Christiaan Hetzner; Editing by David Cowell)