Mercedes-Benz has announced plans to reduce costs amid a decline in profitability. The move aims to improve the company's financial performance and maintain its competitive edge in the global automotive market. No specific details on the cost-cutting measures have been disclosed, but industry experts speculate that the cuts may affect production processes, supply chain management, and employee compensation.

Source: https://www.bloomberg.com/news/articles/2024-10-25/mercedes-pledges-cost-cuts-after-profitability-slumps