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Daimler reportedly to end ties with Renault Nissan, cut jobs

MotorAuthority Friday, 19 April 2019
Daimler reportedly to end ties with Renault Nissan, cut jobsDaimler will seek to make major cost cuts and end ties with the Renault Nissan Mitsubishi Alliance, Manager Magazin reported on Thursday. According to the German publication, incoming Daimler CEO Ola Kaellenius will not renew joint projects with the Renault Nissan Mitsubishi Alliance. He will also reportedly seek to make 6 billion euros ($6.75...
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News video: Daimler Trying To Save $6.75 Billion

Daimler Trying To Save $6.75 Billion 00:43

FRANKFURT -- Daimler is seeking 6 billion euros ($6.75 billion) in cost savings and efficiency gains by 2021 at Mercedes-Benz passenger cars and a further 2 billion euros at Daimler Trucks division, Manager Magazin said on Thursday. In February Daimler said it would pursue cost savings measures after...

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