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Mercedes to cut costs as electric car sales plunge - latest updates

Telegraph
Summary
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71% Informative

German car maker said it plans to slash production costs by 10pc by 2027 .

It expects sharp drop in profits this year despite plans for a series of product launches.

Sales in China , the German car giant’s largest single market, dropped by 7pc .

Western EV manufacturers have struggled to compete with a flood of cheaper, Chinese -made EVs.

VR Score

77

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semi-formal

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English

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37

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short-lived

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