
Mercedes-Benz (MBGn.DE) announced changes to its top management this week, replacing chief technology officer Markus Schaefer with head of production Joerg Burzer, as it pursues cost efficiencies with a younger board.
Burzer, aged 55, will assume responsibility for development and procurement and take on the CTO role from the beginning of December together, the German company said in a statement.
Schaefer, who oversaw Mercedes’ shift from traditional combustion-engine cars to






