Daimler to seek 6 billion euros in cost savings at Mercedes: Manager Magazin

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Daimler is seeking 6 billion euros (US$6.75 billion) in cost savings and efficiency gains by 2021 at Mercedes-Benz passenger cars and a further 2 ...

FRANKFURT: Daimler is seeking 6 billion euros in cost savings and efficiency gains by 2021 at Mercedes-Benz passenger cars and a further 2 billion euros at Daimler Trucks division, Manager Magazin said on Thursday.Advertisement

In February Daimler said it would pursue cost savings measures after fourth-quarter operating profit plunged by 22 percent, hit by trade wars, rising costs for developing electric cars and an industry downturn.

 

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