STUTTGART (Reuters) -Daimler Truck expects a further slowdown in demand for commercial vehicles and its new CEO must take measures to adjust for that, the German company's Chairman Joe Kaeser said on Thursday. "Our profitability is not yet where competitors are, that has to change in the medium to long term", Kaeser told a press conference after Karin Radstrom was announced as the company's next CEO late on Wednesday. He did not say what measures Radstrom might need to take.
The UK new car market saw a slight decline in August, with registrations falling by 1.3%, according to the latest figures from the Society of Motor Manufacturers and Traders (SMMT). August, traditionally a quieter month for car sales as buyers often wait for September’s new number plates, saw 84,575 units registered, just 1,082 fewer than…