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Zetsche's CEO tenure extended through 2016 at Daimler

There appear to be two takes on Daimler CEO Dieter Zetsche having his contract extended for three more years, to 2016. A report in The Detroit News quotes the chairman of Daimler's supervisory board, Manfred Bischoff, talking up the stability at the top, "With today's extensions of the contracts of Dieter Zetsche and Thomas Weber, we are maintaining the important continuity at the top executive level." Bischoff also stated that that Zetsche has a plan to "further enhance Daimler's overall performance."
Over at Reuters, though, the three-year extension was seen as a lack of complete confidence in Zetsche's plans, since his contract was supposedly meant to be extended by five years. A spokesman said the board decided to extend executive contracts by only three years if the person was 60 or would turn 60 during the contract, but that was news to observers. Zetsche wants to make Mercedes-Benz the top selling luxury manufacturer globally by 2020, but has fallen to third place behind Audi and BMW. It hasn't held the top spot 2005, and investors judged it valued at half that of BMW at the end of 2012 once Daimler's truck business was subtracted.
Analysts cites the fact that Daimler stock hasn't bested its rivals but twice in twelve years, and that the company revised its profit target downward last year by nearly one billion euros, warning of stagnant earnings this year and will miss its original margin target for 2013.

Mercedes-Benz recalls 3,800 total vehicles in two campaigns

Mercedes-Benz is recalling 3,813 vehicles in two campaigns in the US, and the affected models span the top and bottom of the brand's product range. The larger recall covers 2,956 examples of the 2014 S63 AMG sedan and 2015-2016 S63 AMG 4Matic sedan and coupe. According to the National Highway Traffic Safety Administration, a software error in the engine control unit can cause the high-performance luxury cars to stall when coasting to a stop. While this can initially appear to be normal operation of the stop/start system, the engine doesn't restart when the driver releases the brake pedal. Getting moving again involves shifting into neutral or park and going through the ignition process. The repair campaign will begin on December 8, and the models will need an update to the engine control unit software. This will also be the second recent recall for the 2015 S63 AMG 4Matic Coupe because another fix will replace their seatbelts. In a more complicated issue, Mercedes is recalling 857 examples of the 2015 CLA250, CLA250 4Matic, GLA250, GLA250 4Matic, and the 2016 SLK300 because a weld on the camshafts might be in the wrong place "due to a production deviation at a supplier." Potentially, the important parts could break and damage the engine. Beginning November 30, dealers will replace the affected camshafts as a precautionary measure. RECALL Subject : Engine Stall due to Engine Control Unit Software Report Receipt Date: OCT 14, 2015 NHTSA Campaign Number: 15V652000 Component(s): ELECTRICAL SYSTEM , FUEL SYSTEM, GASOLINE Potential Number of Units Affected: 2,956 All Products Associated with this Recall Vehicle Make Model Model Year(s) MERCEDES BENZ S63 AMG 2014 MERCEDES BENZ S63 AMG 4MATIC 2015-2016 Details Manufacturer: Mercedes-Benz USA, LLC. SUMMARY: Mercedes-Benz USA LLC (Mercedes-Benz) is recalling certain model year 2014 S63 AMG sedans and 2015-2016 S63 AMG 4Matic sedans and coupes manufactured May 14, 2013, to September 18, 2015. In the affected vehicles, due to a software error within the engine control unit, the vehicle may stall when coasting to a stop, such as at a traffic light. CONSEQUENCE: The vehicle stall may be interpreted by the driver to be a planned shut-down as part of the ECO-Start-function. However, the engine will not restart automatically after releasing the brake pedal, immobilizing the vehicle and increasing the risk of a crash.

Ferrari hails Vettel as the 'moral winner' after 'stolen' F1 race

MONTREAL — Ferrari hailed Sebastian Vettel as the moral winner of the Canadian Grand Prix on Sunday while the German raged at being robbed of victory by race stewards. "They are stealing the race from us," the angry German exclaimed over the team radio as he was told he was under investigation after running off the track and into the path of Mercedes rival Lewis Hamilton. Vettel was given a five-second penalty, finishing first but having to hand victory to Hamilton. "No, no, no. Not like that. You have to be an absolute blind man, you go on the grass how are you supposed to control your car? This is the wrong world," the Ferrari driver yelled after being notified of the penalty. "It's not making our sport popular, is it? I mean, with these kind of decisions," he told Sky Sports television after the podium ceremony. He had earlier parked up in the wrong place and stormed straight to the Ferrari hospitality area before returning to the pitlane. There he rearranged the numbers in front of the cars, switching the 'one' board from Hamilton's car to the space where his Ferrari should have been. "If it had happened to me I would have kicked the damn board and thrown it against the car," said Mercedes F1 boss Toto Wolff, whose team has now won the first seven races of the season. "I am of course biased for Mercedes, and I say there is a rule that says you need to leave a car's width when you go off the track and I think his instinctive reaction was 'I need to protect that position' and maybe that was a tiny bit too far." Wolff said he was surprised by the stewards' decision but also defended them. The officials included experienced Italian racer Emanuele Pirro, a former F1 driver and five times winner of the Le Mans 24 Hours sportscar race. "I think the stewards up there need to be people that need to be supported," said Wolff. "There is Emanuele up there, it doesn't go any more professional and experienced than Emanuele. Said Vettel, "People want to see us race and that was, I think, racing. I hope the people come back, that's the main thing obviously... it's just a shame when we have all these little funny decisions." Ferrari team boss Mattia Binotto indicated there could be no appeal by the Italian team but said there was no doubt about the real winner. "It's not down to us to decide, and that's the sport. But certainly if you look at the crowd, everybody I think today believes that there was nothing Sebastian could have done," he said.