According to Daimler CEO Ola Kaellenius, his company will look different than it does now, within the next five years.

For starters, it will shrink as it seeks to redefine luxury in an era of fully electric and self-driving cars.

Moving forward from internal combustion engine vehicles will also result in job losses, seen as how it takes less time and effort to build an electric car than a conventional gasoline or diesel one.

Read Article

Daimler Boss Says Move To EVs Will Cause Company To Shrink In Size And Shed Jobs

About the Author