Frankfurt am Main — Daimler said on Thursday it plans to cut jobs to save more than €1bn (R16m) by the end of 2022, as the German luxury carmaker grapples with an expensive switch to greener vehicles.

The Mercedes-Benz maker has also been hit by expensive recalls, a slowing global market, and an €870m fine for having sold vehicles that did not conform with legal emissions limits...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now