Daimler Targets $1.1 Billion in Savings With Mercedes Job Cuts.

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    • Abstract:
      (Bloomberg) -- Daimler AG plans to slash headcount at its Mercedes-Benz cars division to help manage the disruptive shift to self-driving, electric cars. With global demand for cars softening, Daimler has little choice but to cut costs to eventually return Mercedes' profitability to its long-standing range of 8% to 10%. [Extracted from the article]
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