Mercedes brings forward 5-billion-euro savings target, Manager Magazin reports
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Mercedes-Benz has brought forward its target of reducing costs by 5 billion euros ($5.9 billion) to the end of 2026, Manager Magazin reported on Thursday, citing sources.The German carmaker has previously said it plans to make the savings by 2027, under an efficiency programme involving job cuts.The move comes as the automaker intensifies the programme amid slower-than-expected staff reductions and ongoing pressure to maintain operating margins, the report said.A spokesperson for the company did not immediately respond to Reuters' request for comment.($1 = 0.8521 euros)
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