Mercedes-Benz plans to cut billions of euros in costs each year in the next few years

German automaker Mercedes-Benz has announced a major cost-cutting plan, aiming to cut billions of euros in costs each year over the next few years. The plan is designed to improve the company's profitability and cope with competitive pressure in the global automotive market. Mercedes-Benz will achieve this goal by optimizing production processes, reducing procurement costs and improving efficiency.