GERMANY: Milberg staying to see BMW centenary
BMW’s supervisory board chairman Joachim Milberg will remain in his post until 2016, despite reaching the age of 70 in April, according to Germany's Manager Magazin.
This could pave the way for a smooth transition at the head of its supervisory board in 2016 when the carmaker also celebrates its centenary.
Chief executive Norbert Reithofer's contract also expires that year, when he reaches the internal age limit for management board members of 60, allowing him to assume Milberg's position on the supervisory board, the publication speculated.
Manager Magazin cited board sources as saying that the Quandt family, which owns nearly half the shares in BMW, has agreed to support a further candidacy of Milberg, even though he will exceed the internal age limit for the supervisory board, at the shareholders' annual general meeting in May.
He stepped down as chief executive in May 2002 to join the supervisory board.
This QUBE report from just-auto provides a comprehensive overview of the global cockpits and instrumentation sector, major suppliers, top 14 markets, technology trends and market size forecasts. Use t...
Jaguar Land Rover has proved itself to be a strong and stable business in spite of the economic downturn, with good sales results in both developing and developed markets. Despite some difficult years...
Industry production cuts of 1.5m to 2m vehicles in Europe that have occurred or are announced still leave output well above demand, Ford's European chief Stephen Odell said....
Only weeks after launching the new, locally made EcoSport compact crossover in India, Ford has recalled almost 1,000 units to check for a potential problem with the glow plug module used to help start...
Tata Group's Jaguar Land Rover has created two new roles on its executive committee to support an increased focus on research and development and to help develop new products....
Tata Group's Jaguar Land Rover sold 210,190 vehicles worldwide during the first six months of 2013, a year-on-year increase of 14%; sales in June were up 7%....
- COMMENT: US JLR plant likely to get a warm welcome
- THE WEEK THAT WAS: Paris, the US, Sweden...
- Special management briefing: Paris reflections (2)
- Special management briefing: Paris reflections (1)
- VEHICLE ANALYSIS: 2014 Kia Sportage
- JLR eyes US southern states 'transplant' - paper
- Tesla outsells rivals as Europe sales rise 6%
- JLR looks to increase home supply content
- Japan's carmakers bring home foreign-made models
- GM sued for $10bn over losses on 27m recalled cars
- Jaguar Land Rover: Providing remarkable growth throughout the economic downturn
- Ford Motor Company - Strategy and SWOT Report
- PLDB - vehicle cycle plan database (annual subscription)
- Global light vehicle safety systems market- forecasts to 2029
- LMC Automotive's European Passenger Car Production Estimates (annual subscription)