BERLIN, (Reuters) – Mercedes-Benz (MBGn.DE), said on Thursday it is on target to reduce costs by 5 billion euros ($5.9 billion) by the end of 2027, denying a media report that the goal for its efficiency programme had been brought forward by a year.
“The programme is going according to plan,” a spokesperson told Reuters.
Manager Magazin reported earlier on Thursday that the German carmaker was now targeting the savings by the end of 2026, citing sources.
Reporting by Lewis Jackson, Nora Eckert and Christoph Steitz. Editing by Mike Colias, David Goodman and Nick Zieminski
