Daimler Must Save At All Costs

"Struggling to match rivals' scale and efficiency in smaller cars, as well as their success in China, Stuttgart-based Daimler has fallen further behind German peers BMW and Volkswagen," reports Reuters.  Alone by bringing outsourced SAP systems in-house, Daimler wants to save €150 million (nearly $200 million.) A lot of the work will be done in new Daimler IT centers in India and Turkey. This is part of a huge austerity program that aims at cutting annual costs by 2 billion euros for the Mercedes-Benz division by the end of 2014. The bulk of the savings must be achieved this year. Where will the other €1,850 million be saved? Ominously, German Focus Magazin reports that Mercedes-Benz plants in Germany are less efficient than plants elsewhere. from The Truth About Cars http://www.thetruthaboutcars.com

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