Mercedes-Benz Cars to slash 1 billion euros in costs by 2022
November 14, 2019 at 03:30 AM EST
Daimler shares fell sharply on Thursday after the German carmaker said tougher emissions rules will hit earnings in 2020 and 2021 forcing it to seek more than 1 billion euros in personnel cuts at Mercedes-Benz Cars by end of 2022.
