28 July 2026
28 July 2026
The latest reduction programme follows two earlier rounds: 3,900 roles agreed in 2025 and a further 500 announced in May by chief executive Michael Leiters in connection with the winding down of subsidiary operations.
Under the expanded agreement, Mercedes-Benz will use Hydro Circal in series production for its next generation of large electric vehicles.
This is the first wage agreement this year among South Korean automakers.
Financial partnership provides support for VinFast dealers and the continued expansion of VinFast's dealer network across Germany.
Once completed, Toyota will become an equal partner in Cellcentric alongside Daimler Truck and Volvo Group, with each company holding one third of the business.
A patent infringement complaint has been filed with the US International Trade Commission.
The two automakers are looking to cut the cost of developing next-generation vehicles.
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