{"id":1363,"date":"2020-09-03T10:40:01","date_gmt":"2020-09-03T10:40:01","guid":{"rendered":"https:\/\/businessner.com\/?p=1363"},"modified":"2020-09-03T10:45:47","modified_gmt":"2020-09-03T10:45:47","slug":"daimler-eyes-profit-revival-as-it-unveils-latest-mercedes-benz-s-class-sedan","status":"publish","type":"post","link":"https:\/\/businessner.com\/daimler-eyes-profit-revival-as-it-unveils-latest-mercedes-benz-s-class-sedan\/","title":{"rendered":"Daimler Eyes Profit Revival as it unveils latest Mercedes-Benz S-Class Sedan"},"content":{"rendered":"
German automaker Daimler AG unveiled its latest Mercedes-Benz S-Class sedan on Wednesday pinning its hopes on the recovery of the luxury car market.<\/p>\n
Daimler CEO Ola Kaellenius called the S-Class luxury sedan as the \u2018heart of the brand\u2019 in an online event on Wednesday that launched the sleek and long vehicle poised to help the business reap huge profits amid the worsening pandemic.<\/p>\n
Kaellenius also said that despite Covid-19\u2019s effect on the luxury car business, cost-cutting measures and sound fiscal management practices have helped stabilize the company which saw revenues slump by as much as 30 percent in the previous quarter.<\/p>\n
Vehicles especially top-end Mercedes-Benz models and electric vehicles have slowly picked up in sales starting in July after a decrease in sales reported in the previous quarter.<\/p>\n
The Stuttgart-based automaker also aims to outsource information technology services and cut positions<\/a> in research and development.<\/p>\n Kaellenius earlier said plans of a new cost-savings program and is looking to cut an additional 10,000 jobs through 2025, magazine Automobilwoche reported, citing unidentified company sources.<\/p>\n The Mercedes-Benz S-Class is shaping the next generation of individual mobility for our times with innovations that place the focus on people. The new S-Class uses digitization for a car that responds empathetically to the needs and wishes of its driver and passengers.<\/p>\nDaimler’s Mercedes-Benz S-Class offers automotive luxury<\/h2>\n