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The Guardian

Mercedes-Benz to axe more than 1,000 jobs in cost-cutting drive

Mercedes-Benz to axe more than 1,000 jobs in cost-cutting drive



Move blamed on heavy cost of investing in electric vehicles just as traditional car sales slowMercedes-Benz plans to save €1.65bn (£1.4bn) by cutting more than 1,000 jobs in the latest sign German carmakers are struggling to make big investments in electric car technology.Carmakers around the world are spending billions on developing battery-powered electric vehicles but at the same time sales of internal combustion engines are slowing in the face of economic weakness and scandals over emissions. Continue reading…



Source link : https://www.theguardian.com/business/2019/nov/14/mercedes-benz-axe-1000-jobs-cost-cutting-drive-electric-vehicles

Author : Jasper Jolly

Publish date : 2019-11-14 09:31:57

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Tags : The Guardian

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