Daimler names new board member for China

German automaker Daimler said Wednesday it is creating a new position on its management board dedicated especially to China to underline the country's strategic importance for the group. Its supervisory board had appointed Hubertus Troska, 52, "to newly created position of 'China' effective December 13, 2012 until December 31, 2015," Daimler said in a statement. Troska would be responsible for all of Daimler's strategic and operating activities in China and his appointment would expand the number of seats on the management board to eight. "China has developed into the world's biggest market for motor vehicles," said supervisory board chief Manfred Bischoff. "With the decision to establish a board position specifically for this market, we are underscoring the strategic importance of China for Daimler," he added. "We continue to see great potential there for sustained growth and the continuous expansion of our business activities."