Aston Martin CEO Andy Palmer replaced by AMG chief Tobias Moers

Financially stricken Aston Martin on Tuesday named Tobias Moers as the replacement for current CEO Andy Palmer. Moers is both chief executive and chief technical officer at Mercedes-AMG, positions he's held since 2013, but will step down on August 1 to take up the new role at Aston Martin. Mercedes-Benz of Brazil's chief Philipp Schiemer has been...