Mexican Media Brands
Daimler to Accelerate Cost-Cutting Drive
Daimler AG, which cut costs by €2 billion in 2012-2015, tells investors it aims to save at least that much more over the next several years.
#economics
Share
Daimler AG, which cut costs by €2 billion in 2012-2015, tells investors it aims to save at least that much more over the next several years.
CEO Dieter Zetsche, who announced the goal as the next phase in the company's Fit for Leadership drive, did not say when the new efficiency push would begin or how long it would continue.
For now, Daimler continues to trail rivals Audi and BMW in return on sales. In the first quarter of 2015, Daimler's ratio of 9.2% compared with 9.7% for Audi and 9.5% for BMW.
RELATED CONTENT
-
Porsche Doubles EV Target for 2025
Porsche AG says about half the vehicles it sells by 2025 will be equipped with hybrid or all-electric powertrains, twice the ratio it forecast four weeks ago.
-
On Quantum Navigation, EVs, Auto Industry Sales and more
Sandia’s quantum navi, three things about EVs, transporting iron ore in an EV during the winter, going underwater in an EV (OK, it is a sub), state of the UK auto industry (sad), why the Big Three likes Big Vehicles, and the future of logistics.
-
On The German Auto Industry
A look at several things that are going on in the German auto industry—from new vehicles to stamping to building electric vehicles.