Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking & Finance Review®

Global Banking & Finance Review® - Subscribe to our newsletter

Company

    GBAF Logo
    • About Us
    • Profile
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ
    • Magazines▾
      • Global Banking & Finance Review Magazine Issue 79
      • Global Banking & Finance Review Magazine Issue 78
      • Global Banking & Finance Review Magazine Issue 77
      • Global Banking & Finance Review Magazine Issue 76
      • Global Banking & Finance Review Magazine Issue 75
      • Global Banking & Finance Review Magazine Issue 73
      • Global Banking & Finance Review Magazine Issue 71
      • Global Banking & Finance Review Magazine Issue 70
      • Global Banking & Finance Review Magazine Issue 69
      • Global Banking & Finance Review Magazine Issue 66
    Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2026 GBAF Publications Ltd - All Rights Reserved. | Sitemap | Tags | Developed By eCorpIT

    Editorial & Advertiser disclosure

    Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Home > Finance > Mercedes savings drive proceeding as planned by end 2027, spokesperson says
    Finance

    Mercedes savings drive proceeding as planned by end 2027, spokesperson says

    Published by Global Banking & Finance Review®

    Posted on December 18, 2025

    1 min read

    Last updated: January 20, 2026

    Mercedes savings drive proceeding as planned by end 2027, spokesperson says - Finance news and analysis from Global Banking & Finance Review
    Why waste money on news and opinion when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Tags:innovationcorporate strategyfinancial management

    Quick Summary

    Mercedes-Benz confirms its 5 billion euro cost-saving target by 2027, denying reports of an accelerated timeline.

    Mercedes-Benz Savings Plan on Track for 2027 Completion

    BERLIN, ‌Dec 18 (Reuters) - Mercedes-Benz said ‍on ‌Thursday it is on ⁠target to ‌reduce costs by 5 billion euros ($5.9 billion) ⁠by the end of 2027, ​denying a media report ‌that the ⁠goal for its efficiency programme had been ​brought forward by a year.

    "The programme is going according to ​plan," ‍a spokesperson ​told Reuters.

    Manager Magazin reported earlier on Thursday that the German carmaker was now targeting ⁠the savings by the end ​of 2026, citing sources.

    ($1 = 0.8521 euros)

    (Reporting by Kirsti Knolle, ‌Rachel MoreEditing by Madeline Chambers and Ludwig Burger)

    Key Takeaways

    • •Mercedes-Benz plans to reduce costs by 5 billion euros by 2027.
    • •The company denies reports of accelerating the savings timeline.
    • •Manager Magazin suggested a 2026 target, which was refuted.
    • •A spokesperson confirmed the program is proceeding as planned.
    • •The exchange rate is $1 to 0.8521 euros.

    Frequently Asked Questions about Mercedes savings drive proceeding as planned by end 2027, spokesperson says

    1What is cost reduction?

    Cost reduction refers to the process of decreasing expenses to improve profitability. Companies often implement strategies to minimize costs while maintaining quality and efficiency.

    2What is an efficiency program?

    An efficiency program is a structured initiative aimed at improving productivity and reducing waste within an organization. It often involves analyzing processes to identify areas for improvement.

    3What is corporate strategy?

    Corporate strategy is a comprehensive plan that outlines how a company will achieve its goals and objectives. It includes decisions about resource allocation, market positioning, and competitive advantage.

    4What is a spokesperson?

    A spokesperson is an individual authorized to speak on behalf of an organization. They communicate information to the public, media, and stakeholders, often during announcements or crisis situations.

    5What is a financial goal?

    A financial goal is a specific target related to money management, such as saving a certain amount, reducing debt, or increasing investments. These goals help individuals and organizations plan their financial futures.

    More from Finance

    Explore more articles in the Finance category

    Image for Farmers report 'catastrophic' damage to crops as Storm Marta hits Spain and Portugal
    Farmers report 'catastrophic' damage to crops as Storm Marta hits Spain and Portugal
    Image for If US attacks, Iran says it will strike US bases in the region
    If US attacks, Iran says it will strike US bases in the region
    Image for Olympics-Biathlon-Winter Games bring tourism boost to biathlon hotbed of northern Italy
    Olympics-Biathlon-Winter Games bring tourism boost to biathlon hotbed of northern Italy
    Image for Analysis-Bitcoin loses Trump-era gains as crypto market volatility signals uncertainty
    Analysis-Bitcoin loses Trump-era gains as crypto market volatility signals uncertainty
    Image for NatWest closes in on $3.4 billion takeover of wealth manager Evelyn, Sky News reports
    NatWest closes in on $3.4 billion takeover of wealth manager Evelyn, Sky News reports
    Image for Stellantis-backed ACC drops plans for Italian, German gigafactories, union says
    Stellantis-backed ACC drops plans for Italian, German gigafactories, union says
    Image for US pushes Russia and Ukraine to end war by summer, Zelenskiy says
    US pushes Russia and Ukraine to end war by summer, Zelenskiy says
    Image for Russia launches massive attack on Ukraine's energy system, Zelenskiy says
    Russia launches massive attack on Ukraine's energy system, Zelenskiy says
    Image for Russia launched 400 drones, 40 missiles to hit Ukraine's energy sector, Zelenskiy says
    Russia launched 400 drones, 40 missiles to hit Ukraine's energy sector, Zelenskiy says
    Image for The Kyiv family, with its pets and pigs, defying Russia and the cold
    The Kyiv family, with its pets and pigs, defying Russia and the cold
    Image for Two Polish airports reopen after NATO jets activated over Russian strikes on Ukraine
    Two Polish airports reopen after NATO jets activated over Russian strikes on Ukraine
    Image for French miner Eramet's finance chief steps aside temporarily, days after CEO ouster
    French miner Eramet's finance chief steps aside temporarily, days after CEO ouster
    View All Finance Posts
    Previous Finance PostCampari sells Averna and Zedda Piras in 100 million euro deal
    Next Finance PostChina says it is granting new, streamlined rare earth export licences