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Daum replaces Bernhard as Daimler Trucks chief preview image Daum replaces Bernhard as Daimler Trucks chief article image

Daum replaces Bernhard as Daimler Trucks chief

STUTTGART, GERMANY - Martin Daum will lead Daimler Trucks and Daimler buses as a member of the board of management effective March 1, the company has announced. The appointment is for five years. Daum has been president and Chief Executive Officer of Daimler Trucks North America since 2009, overseeing Freightliner, Western Star, Thomas Built Buses, Freightliner Custom Chassis, and Detroit Diesel. Prior to that he was a member of the management team at Mercedes-Benz Trucks in Europe, and vice president - production for Mercedes-Benz Trucks, as well as being responsible for the world's biggest truck plant in Worth.

Navistar, Volkswagen Truck and Bus close alliance deal

LISLE, IL - Navistar International has finalized its strategic alliance with Volkswagen Truck and Bus, which gives the German manufacturer a 16.6% stake in the business. "This alliance with Volkswagen Truck and Bus marks a significant milestone in our company's history, and we expect it will create multiple benefits for both companies in both the near and long term," says Troy Clarke, Navistar's chairman, president and Chief Executive Officer. Now that the deal has closed, the company will be working quickly to collaborate with its new partner, he said. The companies' alliance will involve sharing technology, and is expected to bring a Volkswagen powertrain to North America as early as 2019. Navistar expects business synergies to save US $500 million over the first five years.