Daimler will refuse to cooperate with Renault-Nissan and cut 10 thousand people

Daimler will refuse to cooperate with Renault-Nissan and cut 10 thousand people

April 19, 2019 0 By autotimesnews

Concern intends until 2021 to reduce costs by six billion euros

The new chief of Daimler, Ola Cullenius, may refuse to cooperate further with the Renautl-Nissan alliance. This decision will be one of the cost-cutting measures that will help the company save six billion euros by 2021.

Ola Cullenius will replace Dieter Zetsche as chairman of the concern’s board in May of this year. One of his tasks after taking office will be a reduction of about 10 thousand jobs. The search for cost-cutting measures was approved by the board of directors after Daimler showed a 22 percent reduction in operating profit for the fourth quarter of 2018.

The fall announced an increase in the cost of developing electric vehicles, trade wars, reduced demand for cars in China and a general deterioration in economic growth in the world.

One of the latest joint projects of Daimler and Renault-Nissan is the X-Class pickup, built on Nissan Navara units. Smart Fortwo and Renault Twingo also have a lot in common. In addition, the companies are jointly developing power plants and own a plant in Mexico.