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5-day change | 1st Jan Change | ||
| 74.14 EUR | -0.90% |
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-1.63% | +18.53% |
| 04:06am | UAW clinches watershed union victory at Volkswagen Tennessee factory | RE |
| Apr. 19 | UAW hopeful of watershed union victory at Volkswagen Tennessee factory | RE |
BERLIN (Reuters) - Mercedes-Benz is to double production capacity for electric motors to 1 million units at its Untertuerkheim plant, which has traditionally focused on combustion engines, WirtschaftsWoche magazine reported on Tuesday.
The German carmaker's management and works council struck an agreement on restructuring the site in southwestern Germany, which also foresees a 20% reduction in fixed costs by 2025 compared with 2019 and workforce cuts, the report said, citing company sources.
(Writing by Rachel More; Editing by Maria Sheahan)
| 1st Jan change | Capi. | |
|---|---|---|
| +18.53% | 82.55B | |
| +35.96% | 314B | |
| +5.03% | 71.78B | |
| +19.17% | 55.69B | |
| +17.96% | 48.99B | |
| -0.41% | 48.15B | |
| +23.37% | 42.54B | |
| +15.48% | 36.16B | |
| +20.44% | 26.99B | |
| +8.68% | 25.07B |
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