BERLIN, Dec 18 (Reuters) – Mercedes-Benz 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.
($1 = 0.8521 euros)
(Reporting by Kirsti Knolle, Rachel MoreEditing by Madeline Chambers and Ludwig Burger)
