Mercedes To Go Carbon Neutral By 2040 — Report

Daimler, the parent company of German luxury carmaker Mercedes-Benz is aiming to go carbon neutral by the year 2040 claims a report by Manager Magazine. The report also claims that the German carmaker will cut 10,000 jobs by around 2021 as part of the plans of incoming CEO Ola Kaellenius.

According to the report, Kaellenius wants to steer Daimler onto a more greener future than the one envisioned by outgoing CEO Dieter Zetsche, and the new zero emssions goal should become a pillar of the carmaker's new corporate strategy.

According to Manager Magazine, the zero emssions move will happen in stages but will end with Daimler's plants, workers and suppliers become CO2 free by 2040. If the parent company of Mercedes does manage to acheive its zero emissions goal by 2040, it would be 10 years ahead of the target set by the Paris Climate Agreement ratified by 169 nations around the globe that formally came into force on 4 November 2016.

While the new long-term goals will see Daimler go emissions free for a better world, the immediate efects of Ola Kaellenius becoming the CEO of Daimler, will be a rather shocking one. According to Manager Magazine, Kaellenius wants to cut cost drastically at Mercedes which will end with 10,000 jobs chopped. However, the job cuts will have to be socially acceptable, claims the magazine stating that Daimler will not fill any job vacancies.

Reuters, stating a more detailed report by the Manager Magazin claims that Daimler is looking for 6 billion euros in cost savings and efficiency gains by the year 2021 at the passenger cars division of Mercedes Benz. A further 2 billion euros in cost saving is being targeted at Daimler's truck division.

The report by Reuters states that Mnager Magazine is claiming these savings are the request of incoming CEO Ola Kaellenius, who will take over from Dieter Zetsche at Daimler's Annual General Meeting on May 22, 2019. The magazine also says that Mercedes will not renew current projects done in collaborations with the Renault and Nissan, leading to end of the alliance with French and Japanese carmakers.

Mercedes is already on its way to a greener future with its EQ lineup of cars. Mercede revealed the Edition 1886 version of the upcoming EQC SUV at the New York Auto Show.