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Daimler extends China focus
German luxury carmaker Daimler will enlarge its management board to put a top executive in charge of its troublesome Chinese car business, a German magazine reported yesterday. The additional eighth executive board seat will be created at the group’s upcoming board meeting, weekly Der Spiegel reported, without specifying its sources. A Daimler spokesman declined to comment. Daimler’s Mercedes lags German premium names BMW and Audi in China.