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Desperate for Turnaround, Daimler Names New China Chief

Mercedes slipping behind rivals in booming Asian market.

by on Dec.14, 2012

Daimler's new China chief, Hubertus Troska.

Daimler AG, in a move underscoring the growing importance of China to the company’ future, has named a new chief executive in charge of its operations in China and appointed him to the company’s Board of Management.

Hubertus Troska, 52, will become chief executive officer and Chairman of Daimler Northeast Asia responsible for all of Daimler’s strategic and operating activities in China.

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The timing is particularly significant considering the company has slipped in sales behind arch rivals Audi and BMW. Mercedes has had to resort to sometimes massive incentives to prop up its products this year.

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