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...
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%....
Renault might have to be as patient in trying to establish electric cars on the market as Toyota was over the introduction of hybrids, a top executive said....
- THE WEEK THAT WAS - platforms to go to
- ANALYSIS - Jaguar takes on Porsche with new F-PACE
- Peugeot steps up a gear with new 3008
- Delphi Powertrain VP on compliance - Q&A
- General Motors' platform strategy decoded
- Peugeot reveals revamped 3008 compact SUV
- Tesla chooses Mando for autonomous technology
- US and UK motorists divided on driverless cars
- GKN wins plug-in AWD axle deal
- Volvo previews 2017 40 series on CMA platform