BMW, Mercedes Add New Executives as Carmakers Tackle Crisis
- Mercedes replaces China chief after sales in key market slump
- German automakers struggling with shift to electric vehicles
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BMW AG and Mercedes-Benz Group AG are shuffling their leadership teams as they confront intensifying competition in China and weak demand for electric vehicles in Europe.
Mercedes on Wednesday said its China boss Hubertus Troska will retire in July, to be replaced by product strategy chief Oliver Thöne. The maker of the S-Class sedan has been struggling in the Asian market due to a weaker economy and customers shifting to local brands led by BYD Co Ltd.