Learn more

The long-term savings goals of Daimler Truck are unrealistic and should be rethought along with plans to relocate some production abroad, according to the head of the German vehicle builder’s works council. “If you set yourself targets, then the targets must be ambitious, but ultimately also achievable,” Michael Brecht said at the company’s headquarters in Leinfelden-Echterdingen near the southern German city of Stuttgart. Inflation and other factors had overtaken plans to reduce fixed costs, investments and spending on research and development by 15% by 2025 compared with 2019, said Brecht: “…

cuu