Mercedes plans to cut costs by several billion euros per year, reports Handelsblatt

BERLIN : Mercedes-Benz plans to cut costs by several billion euros per year in the coming years, the Handelsblatt newspaper reported on Thursday, citing a spokesperson for the German carmaker.
According to Handelsblatt, the spokesperson left open exactly how the costs are to be cut and did not answer questions about possible job cuts.

(Writing by Miranda Murray, Editing by Rachel More)