FRANKFURT — Departing Daimler CEO Dieter Zetsche promised value cuts and an effectivity drive to revive revenue margins as the person who steered the Mercedes-Benz automaker for greater than a decade leaves his successor to sort out unprecedented trade upheaval.
“We can not and won’t be glad with the present stage of profitability,” Zetsche mentioned Wednesday on the automaker’s shareholder assembly in Berlin, which marks the top of his 13-year tenure. “All the pieces is underneath scrutiny: mounted and variable prices, materials and personnel prices, funding initiatives, vertical integration and the product vary.”
Daimler’s goal stays to return Mercedes-Benz Automobiles, which incorporates the Mercedes model and Sensible, and Mercedes-Benz Vans to a “profitability hall” of eight p.c to 10 p.c by 2021, the corporate mentioned.
On the heavy vehicles and bus divisions, the purpose is to attain a sustainable return of eight p.c and to “unlock additional potential.”
Zetsche, 66, and CFO Bodo Uebber, 59, who can also be…