Daimler's Mercedes-Benz to streamline global production network

Daimler's Mercedes-Benz to streamline global production network

Daimler's Mercedes-Benz is seeking to streamline global production, the German carmaker said on Friday, resulting in a restructuring charge of hundreds of millions of euros in the second quarter.

FILE PHOTO: The Mercedes-Benz logo is seen on a car in front of the Mercedes-Benz Museum in Stuttga
FILE PHOTO: The Mercedes-Benz logo is seen on a car in front of the Mercedes-Benz Museum in Stuttgart, Germany February 11, 2020. REUTERS/Andreas Gebert

FRANKFURT: Daimler's Mercedes-Benz is seeking to streamline global production, the German carmaker said on Friday, resulting in a restructuring charge of hundreds of millions of euros in the second quarter.

As part of that effort, it is exploring the sale of a car assembly plant in Hambach, France, it said.

(Reporting by Tom Sims; Editing by Susan Fenton)

Source: Reuters

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