Daimler Names Ola Kallenius as CEO to Replace Zetsche

The German carmaker announced that CEO Dieter Zetsche will step down next year, with Olash Ahlenius taking over. Despite the planned transition, shares are trading lower, which is surprising given the orderly nature of the change. The new CEO will face strategic challenges, including transitioning to electric engines, potential spinoffs, and managing new shareholders. The focus will be on moving towards electric and autonomous vehicles, continuing the company's leadership in luxury cars.

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