Emissions rules force Daimler to cut jobs to save €1bn
The move to electric cars and other setbacks pushed Daimler into a net loss of €1.2bn in the second quarter, its first quarterly loss in 10 years
14 November 2019 - 17:18
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...
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