October 23, 2020

    Daily Auto News, Luxury Cars, Photos, Prices, Spy Shots, Videos, Incidents and more
    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 […]

    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 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 […]


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