Editorial & Advertiser disclosure

Global Banking and 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 and Finance Review

Posted on December 18, 2025

Featured image for article about Finance

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)

More from Finance

Explore more articles in the Finance category

Beauty retailer Douglas tempers growth forecasts for 2026 and beyond

Lufthansa plays catch up with European rivals after bumpy ride

Sterling steady before expected BoE rate cut

European shares muted as investors cautious ahead of US data, ECB decision

BP names Meg O’Neill CEO after sudden Auchincloss exit

Elliott gears up for Barnes & Noble and Waterstones listing, FT reports

Aena to buy majority stakes in UK airports for $360 million

Micron surges on upbeat profit forecast as chip prices soar

Analysis-More mega deals coming as chase for scale fuels near record-breaking year for M&A

Incoming BP chief charted expansive legacy at Australia's Woodside

Campari sells Averna and Zedda Piras in 100 million euro deal

China says it is granting new, streamlined rare earth export licences

View All Finance Posts