Mercedes to cut costs by 10% as profits dip amid a plunge in EV sales. 'We are taking steps to make the company leaner, faster and stronger' says CEO
- Posted on February 20, 2025
- By Fortune
- 3 Views
Mercedes to cut costs by 10% as profits dip amid a plunge in EV sales. 'We are taking steps to make the company leaner, faster and stronger' says CEO
The fading fortunes of the auto sector have become symbolic of a broader malaise affecting Europe's struggling top economy—a key battleground ahead of a general election at the weekend.
