(In the last sentence it is corrected that Mercedes-Benz has no work in London.)
Stuttgart/Sindelfingen (dpa-AfX)-The car manufacturer Mercedes-Benz (Mercedes-Benz Group (EX Daimler)) wants to return to double-digit surgical margins in the car business thanks to an extensive savings program. For this purpose, the production capacities in Germany are to be tightened, material and production costs also want to reduce management, as CFO Harald Wilhelm said in Sindelfingen on Thursday. Overall, the production capacity is to drop from 2.5 to around 2.0 to 2.2 million vehicles worldwide. Last year, the profit margin in the important car business before interest, taxes and special items slipped from 12.6 to 8.1 percent. This year, the Stuttgart team only pay 6 to 8 percent operational margin – increased US tariffs could even reduce this by around one percentage point.
The total production costs are to be cut by 10 percent by 2027. The material costs are planned at at least 8 percent less, and work is also to be carried out on the fixed costs. In Germany, Mercedes-Benz will reduce the capacities of the works from around one million to around 900,000 cars. According to Wilhelm, positions are to be reduced primarily by fluctuation, at first he did not give details. A closure of German works is not planned. The proportion of low -wage countries in production in Europe is to be doubled from the current 15 percent to 30 percent. In Europe, Mercedes produces in Europe in addition to the car vehicle works in Sindelfingen, Rastatt and Bremen also in the Hungarian Kecskemet./Men/stk
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