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Mercedes-Benz Parent Plans Thousands of Job Cuts

  • German automakers eliminate 20,000 jobs in technology shift
  • More cuts are expected because less labor is needed for e-cars
A Mercedes-Benz EQC 400 electric SUV on display at the Frankfurt Motor Show in September.
A Mercedes-Benz EQC 400 electric SUV on display at the Frankfurt Motor Show in September.Photographer: Alex Kraus/Bloomberg
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Mercedes-Benz and Audi announced plans to shed roughly 20,000 jobs in a grim week for brands that helped define automotive performance for decades.