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Tag: benz

Daimler wants to Reduce its Fixed Cost by more than 20% by 2025

Daimler wants to Reduce its Fixed Cost by more than 20% by 2025

FRANKFURT, Oct.6 (Reuters) – Daimler on Tuesday announced plans to cut fixed costs, investments and research and development spending by more than 20% by 2025 from 2019 levels as part of a change of strategy aimed at further repositioning the Mercedes-Benz brand in the high-end segment. The German automotive group is targeting a double-digit operating […]