October 31, 2020

    Daily Auto News, Luxury Cars, Photos, Prices, Spy Shots, Videos, Incidents and more
    Daimler

    Thousands of Daimler workers trim hours to save jobs

    Thousands of Daimler workers have agreed to cut their hours and give up bonuses for 2020 in order to save jobs amid the coronavirus crisis, the German automaker said Tuesday. The owner of Mercedes-Benz was already having a hard time with restructuring set to include major job cuts before the crisis led a drop in car sales. […]

    Daimler
    Daimler

    Daimler talks with employees amid 15,000 jobs at risk

    Labour representatives at German automaker Daimler stated on Monday that discussions with management over cost reductions had become “rougher” after a board member said over the weekend that over 15,000 jobs were at risk. The auto industry has been having a hard time due to the coronavirus crisis, over which governments and automakers had to […]

    Daimler
    Daimler logo

    Daimler cost cuts would hit Germany hardest

    Daimler’s workforce in Germany will bear the worst hit of 1.4 billion euros ($1.5 billion) in cost cuts prepared by the end of 2022, the head of the automaker’s works council told a newspaper. “Two-thirds of the sum is to be saved in Germany,” Michael Brecht informed Stuttgarter Zeitung. Daimler stated on Friday it would […]

    Daimler
    Dieter Zetsche

    Daimler to cut at least 10,000 jobs in recent car industry cuts

    Daimler stated on Friday it will slash at least 10,000 jobs globally during the next three years, after others in the industry as they cut expenses to spend in electric vehicles while grappling with decreasing sales. It marks the third announcement on expenses cuts this week by a significant German auto company as automakers look […]

    Daimler
    2018 Mercedes-Benz A-Class

    Daimler seeks 1 billion euros in savings at Mercedes-Benz by slashing jobs

    Stricter emissions rules are going to hit Daimler’s profits in 2020 and 2021, prompting the German automaker to seek over 1 billion euros ($1.1 billion) in savings from slashing staff expenses at its Mercedes-Benz business by the end of 2022, it stated on Thursday. Daimler shares dropped 2.3% in early trading at 52.17 euros, the […]

    Daimler , Mercedes-Benz
    Daimler logo

    Daimler seeks to cut 10,000 jobs and $6.75 billion in cost

    Daimler’s new boss Ola Källenius won’t officially start until May 22, but is already reportedly looking to decrease the company’s footprint with a reported cutting up to 10,000 jobs, according to Manager Magazin. The magazine states that Källenius is looking to make both Daimler and Mercedes-Benz more streamlined, and also seek a $6.75 billion in […]

    Daimler
    Daimler logo

    Daimler to increase wages by 20 percent at Hungary plant in next two years

    Daimler‘s Mercedes-Benz vehicles department has reached a deal with unions operating at its Hungarian plant that will see base pay boost by 10 percent in each of the next 2 years, it stated on Monday. The production and export of vehicles by foreign car manufacturers is a crucial driver of financial growth in Hungary, where […]

    Daimler

    If you're planning an Off-Road Adventure into the outback, as a minimum, you’ll need an air compressor. Be sure to read this guide to choose the best off road 12 volt air compressor.