Daimler's incoming CEO will push alliances to cut costs

Kallenius: "The intensity of cooperations will increase. The alliances will be not only with other carmakers and suppliers, but also with technology companies." (Bloomberg)

By:

Edward Taylor

By:

Reuters

May 13, 2019 01:04 PM

SINDELFINGEN -- Daimler will cut development costs of new Mercedes-Benz cars by a significant amount by 2025 and will intensify alliances with rivals as a way to improve margins, said Ola Kaellenius, the automaker's future chief executive.

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