FILE PHOTO: A man counts U.S. dollars in Tehran, Iran July 7, 2019. Nazanin Tabatabaee/ WANA (West Asia News Agency) via REUTERS.
FRANKFURT (Reuters) – German luxury carmaker Daimler <DAIGn.DE> is intensifying existing cost-cutting measures and plans to cut up to 15,000 jobs, Handelsblatt newspaper reported, citing company sources. The group in had said in November that it would cut at least 10,000 jobs and reduce staff costs by around 1.4 billion euros ($1.5 billion) by the […]
By Uday Sampath Kumar (Reuters) – Higher prices for Ralph Lauren Corp’s <RL.N> down jackets and fleeces during the crucial holiday season boosted its margin and helped the company beat quarterly profit estimates on Tuesday, sending the fashion house’s shares up over 8%. The company said it was assessing the financial impact of shutting about […]
BERLIN (Reuters) – Luxury German carmaker Daimler <DAIGn.DE> and Volvo Cars, owned by China’s Geely, are considering cooperating to cut the costs of developing combustion engines, a magazine reported on Sunday, citing unnamed company sources. The Automobilwoche weekly cited a Volvo manager as saying there were initial talks with Daimler, but no concrete plans, while […]