Mercedes to cut costs by 10% as profits dip amid a plunge in EV sales. ‘We are taking steps to make the company leaner, faster and stronger’ says CEO

The fading fortunes of the auto sector have become symbolic of a broader malaise affecting Europe's struggling top economy—a key battleground ahead of a general election at the weekend.

Feb 20, 2025 - 12:35
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Mercedes to cut costs by 10% as profits dip amid a plunge in EV sales. ‘We are taking steps to make the company leaner, faster and stronger’ says CEO
The fading fortunes of the auto sector have become symbolic of a broader malaise affecting Europe's struggling top economy—a key battleground ahead of a general election at the weekend. Read More