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Report – Former Mercedes executive Renschler could lead VW truck unit

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Report - Former Mercedes executive Renschler could lead VW truck unit

According to a German newspaper report, veteran Daimler executive Andreas Renschler, who quit his post as production chief at Mercedes-Benz, may move to Volkswagen Group to head its trucks business.

The Stuttgarter Zeitung said, citing company sources, that Renschler has received ”an attractive job offer” from another German automaker and was likely to take charge of VW’s trucks business, which also includes Sweden’s Scania and Germany’s MAN.

Renschler oversaw Daimler’s truck business for almost nine years, managing the division’s investments in emerging markets such as Russia and India before becoming Mercedes production chief last April.

VW’s truck, buses and van units have 35 billion euros ($48 billion) of commercial vehicles sales, similar to Daimler, the world’s No. 1 truck maker, whose commercial vehicles sales are about 44 billion, ISI Global analysts said.

“The question why Renschler is leaving is easy to answer. In our view his move from head of Daimler trucks to running Mercedes production was a step backwards,” ISI analysts said in a note on Wednesday. “Volkswagen could be interested bringing in Renschler to run VW’s trucks businesses.”

Two sources at Volkswagen said they had no knowledge of a job offered by VW to Renschler. Volkswagen also declined to comment.

Via Automotive News Europe

by Aurel Niculescu (my Google+) - Thursday, January 30th, 2014 - filed under Industry, Mercedes-Benz, News, Volkswagen. Image credit: .
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