Daimler slashes its dividend following profit warning
FILE PHOTO: The Daimler AG sign with raindrops is pictured before the company's annual news conference in Stuttgart, Germany, February 4, 2016. REUTERS/Michaela Rehle/File Photo
The Stuttgart-based carmaker said it would seek to cut administrative and personnel costs by more than 1.4 billion euros by the end of 2022 to help offset expenses from legal proceedings and investments in new technologies. A further 405 million in charges hit earnings after Daimler restructured its mobility services unit, the carmaker said.
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