Daimler Extends Trucks Chief Contract

Germany's Daimler said it extended the contract of Andreas Renschler, the board member responsible for its truck and bus business, until September 2013.

FRANKFURT (AP) -- Germany's Daimler AG said Wednesday it has extended the contract of Andreas Renschler, the board member responsible for its truck and bus business, until September 2013.

Renschler has been on Daimler's management board since 2004.

Daimler is the world's largest truck maker by sales, with brands including Mercedes-Benz, Freightliner and Fuso.

Shares of the company were 1.5 percent higher at euro36.89 ($53.86) in Frankfurt morning trading.

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