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

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Daimler to seek 6 billion euros in cost savings at Mercedes: Manager Magazin
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Daimler is seeking 6 billion euros ($6.75 billion) in cost savings and efficienc...

FILE PHOTO: The Daimler logo is seen before the Daimler annual shareholder meeting in Berlin, Germany, April 5, 2018. REUTERS/Hannibal Hanschke

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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