Key facts: Mercedes-Benz accelerates cost cuts; BNP Paribas eyes Athlon; luxury robotaxi launch in Abu Dhabi
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Mercedes-Benz has accelerated its €5 billion cost-cutting goal to 2026, from 2027. This efficiency program includes job cuts to tackle challenges in sustaining operating margins.1BNP Paribas is negotiating to buy Mercedes-Benz's leasing unit, Athlon, for about 1 billion euros. The deal will merge 2.3 million vehicles, boosting BNP's earnings by 200 million euros by 2026.23Momenta Partners is partnering with Mercedes-Benz to launch luxury robotaxi services in Abu Dhabi, showcasing advancements in autonomous driving technology.4
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