Ron Gettelfinger, the president of United Auto Workers, has stepped down from the supervisory board of DaimlerChrysler AG, a move expected given the sale of the majority of Chrysler to private equity firm Cerberus Capital Management LP in August.
The German automaker said in a statement Monday that Gettelfinger left the company's board, the equivalent of a U.S. board of directors, on Sept. 1. While a member of the board, he represented the company's workers and labor groups.
Key German union IG Metall said that it has nominated Brazilian Valter Sanches, a recent member of the company's World Employee Council, to replace Gettelfinger.
DaimlerChrysler shares were down 1.4 percent to EUR64.70 (US$88.61) in Frankfurt.
The discovery of the submarine has unveiled a few "inconsistencies." For example, how can one explain the fact that the sub was found where it needed to be searched for from the start?
The TurkStream, which runs along the bottom of the Black Sea from Russia's Anapa to Turkey, will consist of two lines, each with a capacity of 15.75 billion cubic meters of gas a year