Daily Archives: September 3, 2014

Mercedes luxury car sales drive faces speed bump in China

Shanghai, CHINA: A salesman walks past a Mercedes S-class sedan at a showroom in Shanghai after the firm announced a 57 percent increase in car sales in China and Hong Kong during the first four months of the year, 30 May 2006. Mercedes plans to invest 1.5 billion euros (1.8 billion USD) to produce cars in China, where a booming economy has created a growing class of 160 million 'luxury consumers', accounting for 13 percent of the country's total population, according to research by the semi-official China Brand Strategy Association. AFP PHOTO/Mark RALSTON (Photo credit should read MARK RALSTON/AFP/Getty Images)

By Tom Mitchell in Beijing

When Daimler decided to post a board member to Beijing for the first time, it did so with a simple mandate: repair long-running operational problems at the German company’s Mercedes-Benz unit in China and close the gap with BMW and Volkswagen’s Audi.

Ford creates 250 new jobs at Dagenham engine plant

Ford creates 250 new jobs at Dagenham engine plant

Ford has created 250 new jobs at its Dagenham engine plant. The company is looking for a new wave of production operators to support its new diesel engine production line, which will go live in 2015.

Has Carlos Ghosn created Tough times for himself

Has Carlos Ghosn created Tough times for himself

It has been a tough 13 months for Renault-Nissan CEO Carlos Ghosn. Since August 2013 he has had three highly skilled leaders leave the alliance. Nissan Chief Planning Officer Andy Palmer is the latest 50-something executive to depart.

Andy Palmer leaves Nissan to become Aston Martin CEO

Andy Palmer leaves Nissan to become Aston Martin CEO

Andy Palmer, the car-guy chief planning officer at Nissan, who was once tipped as a possible future CEO, is leaving the company to head UK sports car maker Aston Martin.

Europe business chamber: China won’t force foreign suppliers to form JVs

The European trade body in China said Beijing is not planning to force foreign suppliers operating in the country to form local joint ventures, dismissing a report last week that had stirred concern among European firms.

Germany’s Stuttgarter Zeitung newspaper reported that China had urged three German suppliers to form partnerships with local rivals, citing the head of German parts supplier ElringKlinger.