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Mercedes to cut costs by 10% as profits dip amid a plunge in EV sales. ‘We are taking steps to make the company leaner, faster and stronger’ says CEO

BySam Reeves, AFP

Feb 20, 2025

The fading fortunes of the auto sector have become symbolic of a broader malaise affecting Europe’s struggling top economy—a key battleground ahead of a general election at the weekend. Read More

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By Sam Reeves, AFP

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