Daimler CEO warns of 'drastic' pay cuts, deeper restructuring

By:

CHRISTOPH RAUWALD

By:

Bloomberg

July 01, 2020 09:49 PM

FRANKFURT -- Daimler CEO Ola Kallenius said the maker of Mercedes-Benz vehicles and the industry as a whole faces painful cutbacks to overcome the economic fallout of the COVID-19 pandemic.

Featured Stories

Manufacturing

Trump tariff relief ‘not enough’ to end supply chain and pricing worries, executives say

Manufacturing

Auto executives and analysts said Trump's tariff relief measures will not be enough to prevent price increases and supply chain woes.

By:

John Irwin

Trump tariff relief ‘not enough’ to end supply chain and pricing worries, executives say

Manufacturing

GM cuts a shift at Oshawa truck plant in response to tariffs

Column: GM makes tariffs look survivable — but is it exceptional?

Dealership buy-sell database updates: 3 top 150 dealership groups acquire stores

Buy-Sell

By:

Gail Kachadourian Howe

Dealership buy-sell database updates: 3 top 150 dealership groups acquire stores

Latest News

Live updates on Q1 automotive earnings: Stellantis, VW slump; retailers react to tariffs

Car buyers trying to beat tariff price hikes did a ‘bank run’ on dealers’ lots in April

Trump tariff relief ‘not enough’ to end supply chain and pricing worries, executives say

Tariffs may hurt, but won’t kill, retail technology innovation

Staying current is easy with newsletters delivered straight to your inbox.

See More in Automakers

Dacia Sandero edges Peugeot 208 for March sales title in Europe

VW could launch extended-range EVs in Europe, executives say

Daily 5 report for April 23: China’s inescapable influence on the auto industry live from Shanghai

U.S. will aim for U.K. to cut its automotive tariff to 2.5% from 10%, report says

Staying current is easy with newsletters delivered straight to your inbox.