Daimler reviews supplier ties in wake of crippling VW spat
- Top 10 News for 12/2: Crude Rips on OPEC Cut; Starbucks' Schultz Steps Down; Nonfarm Payrolls Flat in Nov.
- Unemployment Rate Drops to 4.6%
- Bond yields slip on U.S. jobs data, euro steady before Italy vote
- Alibaba (BABA) Founder Jack Ma Discuss Plans to Retire; 'I Don't Want to Die at the Office'
- Starbucks Coffee (SBUX) CEO Howard Schultz to Step Down, Appointed Executive Chairman; Kevin Johnson New CEO
Daimler board members sit on the podium during the company's annual news conference in Stuttgart, Germany, February 4, 2016. REUTERS/Michaela Rehle/File photo
Get inside Wall Street with StreetInsider Premium. Claim your 2-week free trial here.
BERLIN (Reuters) - Daimler
A dispute between VW and one of its suppliers led to production slowdowns at six Volkswagen plants last month, highlighting how vulnerable modern car production systems are to stoppages.
"You of course take an example like this to take precautions to minimize risks like this and ideally to rule them out," Daimler's Zetsche said at a roundtable event in Berlin.
"That is why we reviewed existing measures, and intensified them in some cases, to avoid such a situation from arising," Zetsche said, without elaborating further.
(Reporting by Irene Preisinger, writing by Edward Taylor; Editing by Susan Fenton)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- China expresses concern as Yemen's Houthis form government
- Options Clearing Corp shakes up senior management
- 'Unprecedented' numbers face severe hunger in South Sudan: U.N.
Create E-mail Alert Related CategoriesReuters
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!