SINDELFINGEN, Germany: Daimler will cut development costs of new Mercedes-Benz cars by a significant amount by 2025 and will intensify alliances with rivals as a way to improve margins, Ola Kaellenius, the future chief executive, said on Monday.
The 49-year-old CEO designate said he would continue to rely on alliances to drive down development and procurement costs for Mercedes-Benz. Daimler has struck alliances with Renault, Nissan and BMW to share development and procurement costs of trucks, buses and passenger cars.Daimler is also relying on increasing economies of scale for electric car batteries as a way to drive down costs. It is also working to cut the use of expensive raw materials from electric car batteries. The carmaker wants to reduce the use of cobalt in electric car batteries.
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