OSLO: Daimler's next chief executive will have a tough job to restore margins at Mercedes-Benz, current boss Dieter Zetsche told Reuters on Wednesday, as Mercedes-Benz launched a new luxury electric car to rival Tesla.
At the same time, China, the world's largest car market, has seen sales momentum slowing for nine months in a row, with a 5.2 percent fall in sales in March. Daimler launched an electric car under the smart brand in 2010, but waited until 2014 to build an electric Mercedes-Benz B-Class. Daimler is investing more than 10 billion euros to expand the electric EQ model range and is building battery cell production facilities.
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