Mercedes plans to cut costs by several billion euros per year, reports Handelsblatt

BERLIN (Reuters) – Mercedes-Benz (OTC:) plans to cut costs by several billion euros per year in the coming years, the Handelsblatt newspaper reported on Thursday, citing a spokesperson for the German carmaker.

According to Handelsblatt, the spokesperson left open exactly how the costs are to be cut and did not answer questions about possible job cuts.