Mercedes-Benz plans cost reductions amid industry challenges - report

By Yahoo! Finance | Nov 22, 2024 at 05:51 AM EST

Mercedes-Benz aims to cut costs by billions of euros annually due to a challenging business climate, citing the need to enhance efficiency in response to global economic volatility. The company's cost-cutting strategy aligns with industry trends, including Volkswagen's similar measures to boost competitiveness.

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