Sponsored by: Investment Center

Something new in your business?  Click here to submit your business press release

Chamber Corner | Main Street News | Job Hunt | Classifieds | Calendar | Illinois Lottery 

Daimler CEO: Company may hit targeted savings before deadline

[January 14, 2014]  DETROIT (Reuters) — The top executive at Daimler AG <DAIGn.DE> said on Monday the German automaker was likely to achieve its cost-savings target earlier than expected — and he declined to rule out the possibility the savings might exceed the company's goals.

Speaking at the Detroit auto show, Chief Executive Dieter Zetsche said Daimler's aim of achieving annual cost savings of 2 billion euros ($2.73 billion) before the end 2014 was "likely."

"Whether we exceed it remains to be seen," he said.

(Reporting by Edward Taylor and Irene Preisinger; editing by Matthew Lewis)

[© 2014 Thomson Reuters. All rights reserved.]

Copyright 2014 Reuters. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.