Published by Global Banking & Finance Review®
Posted on December 18, 2025
1 min readLast updated: January 20, 2026
Add as preferred source on GoogleMercedes-Benz confirms its 5 billion euro cost-saving target by 2027, denying reports of an accelerated timeline.
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)
Cost reduction refers to the process of decreasing expenses to improve profitability. Companies often implement strategies to minimize costs while maintaining quality and efficiency.
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.
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.
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.
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.
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