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Mercedes-Benz to cut jobs amid tougher emissions rules

Luxury carmaker Mercedes-Benz is to cut jobs with the aim of making more than €1bn (£840m) in savings by the end of 2022, its owner Daimler has said.
The cuts - which reports say will lead to more than 1,000 jobs being lost - come as the carmaker faces challenges from new, tougher emissions targets.
Daimler said that meeting new CO2 targets required "high investments".
It added that "the growing range of plug-in hybrids and all-electric cars is leading to cost increases".
Daimler, which aims to make savings of more than €1.5bn across its group, did not say where the job cuts would fall. But they are expected to be in management and administrative roles.
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