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Automakers

Daimler to seek cost cuts after expected quarterly loss

Daimler CEO Ola Kallenius said the company was in talks with labor representatives about savings. (Alex Kraus/Bloomberg)
R
By:
Reuters
July 08, 2020 08:40 AM

BERLIN -- Daimler will deepen cost cuts because of an expected second-quarter operating loss and despite some signs of a recovery in demand for luxury cars, CEO Ola Kallenius said.

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