Mercedes maps out push to lift profits during EV shift

Daimler said it will cut fixed costs, capital expenditures and R&D by more than 20 percent by 2025 compared with 2019 levels as part of a strategy overhaul of its Mercedes-Benz passenger car business.

source https://www.autonews.com/automakers-suppliers/mercedes-maps-out-push-lift-profits-during-ev-shift