Mercedes-Benz suffered a slump in sales for its electric vehicles - Wolfram Schroll/Bloomberg Mercedes-Benz has announced a cost-cutting drive as profits plunged by nearly a third amid a slowdown ...

GERMAN luxury carmaker Mercedes-Benz Group expects earnings to be significantly lower this year and will cut production costs to boost profitability. The carmaker plans to slash production costs by 10 ...

Germany's auto sector has had a steady stream of bad news in recent times. Mercedes-Benz warned of looming cost cuts Thursday and gave a bleak outlook for 2025 after its profits plunged almost a ...

Mercedes-Benz plans to reduce production costs by 10% by 2027 and double that by 2030, beyond an ongoing plan launched in 2020 to reduce costs by 20% between 2019 and 2025. It will not shut down ...

Mercedes-Benz expects earnings to fall significantly this year and outlined plans to boost competitiveness that includes a 10% cut to production costs over the next couple of years. "To ensure the ...

Daimler MBG0.42%increase; green up pointing triangle Truck said it aims to cut costs at its Mercedes-Benz Trucks unit in Europe by more than a billion euros ($1.09 billion) after posting a decline ...

Berlin, Feb. 20 (BNA): Mercedes-Benz on Thursday launched a fresh cost-cutting plan to revive sales and margins and battle stiff competition as the German carmaker forecast a big drop in earnings in ...