- CNN.com, Monday, December 2, 2019 7:40 PM
Daimler, the owner of Mercedes-Benz, is cutting at least 10,000 jobs worldwide while Audi, which is owned by Volkswagen, said it will cut 9,500 jobs by 2025, or roughly 10% of its global workforce.
“Traditional carmakers around the world are ripping up their business models in the hope of adapting to a new world in which electricity replaces gasoline and diesel,” according to CNN.
“Electric cars, which have fewer parts than those powered by internal combustion engines, require fewer workers to assemble. But they cost a lot to develop.”
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