Kallenius plans wide-reaching cost savings

The report also claims that Kallenius is seeking to save 6 billion euros by cutting costs and introducing efficiency boosting measures by 2021.

Though no sources are cited, it is also suggested that around 10,000 jobs will be cut globally. It follows Daimler’s February announcement that cost savings are planned as profits are being hit by a general market downturn, international trade wars and the development costs associated with its substantial electrification strategy

Another factor yet to be official confirmed is said to be a huge production issue at Mercedes-Benz’s plant in Tuscaloosa, Alabama, where up to 30,000 cars rolled off the line with faulty electronic systems. The problems required expensive fixes, leading to a reported revenue shortfall of around 2 billion euros. 

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