Daimler to sell its Hambach factory as it commits to streamlining global production
(WorldNews Europe)

Daimler to sell its Hambach factory as it commits to streamlining global production. CEO Ola Kallenius of Daimler warns of aggressive pay cuts in upcoming months. The German automotive corporation to get a 3% equity stake in Farasis Energy. Daimler AG (ETR: DAI) said on Friday that it expects to see a multimillion-pound restructuring charge in the second quarter as it commits to streamlining its global production. As part of its effort,...