Expect more cost-cutting from Daimler due to an unexpected second-quarter operating loss, according to the OEM’s chief executive. “Our previous efficiency goals covered the upcoming transformation, but not a global recession,” said CEO Ola Kaellenius. “That’s why we are further sharpening our course.” Kaellenius also said the company was in talks with labour representatives about savings. Daimler could increase production quickly if demand ramps up, and in fact in June, global retail car deliveries were up slightly year-over-year. (Source: Reuters) Read the original article…
