DaimlerChrysler AG will replace the head of sales and marketing for its premium Mercedes-Benz operations. DC did not give a reason for the move. Mercedes has seen its profits erode in recent quarters, a result of quality glitches in its flagship cars, an ailing Smart small-car division and exchange rate losses related to the strong euro. Joachim Schmidt will vacate his post April 1 and “will soon take over another senior executive position within DaimlerChrysler,” the auto maker says in ...
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