MAN aims to cut costs by 200-250 mln euros by 2005


MUNICH, March 25 (Reuters) - German trucks and engineering group MAN said on Tuesday it was aiming to cut costs by 200-250 million euros ($214-268 million) over the next few years as it battles with a weak economy. MAN Chief Executive Rudolf Rupprecht told the group's annual news conference the cuts should be achieved by around 2005. MAN said earlier it had started the year with a slight increase in sales but a drop in new orders, hit by weak business in its main domestic market. It is ...

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