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New CEO must adapt Daimler Truck to weaker market, chairman says

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New CEO must adapt Daimler Truck to weaker market, chairman says

Sep 6, 2024 12:53 PM

STUTTGART, Sept 5 (Reuters) - Daimler Truck

expects a further slowdown in demand for commercial vehicles and

its new CEO must take measures to adjust for that, the German

company's Chairman Joe Kaeser said on Thursday.

"Our profitability is not yet where competitors are, that

has to change in the medium to long term", Kaeser told a press

conference after Karin Radstrom was announced as the company's

next CEO late on Wednesday.

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