By Edward Taylor
FRANKFURT (Reuters) - Daimler will be a smaller company five years from now, focused on capturing recurring revenues with software-based services as Mercedes-Benz seeks to redefine luxury in an era of electric self-driving cars, Chief Executive Ola Kaellenius said.
The Stuttgart-based company founded by Carl Benz, who patented the first gasoline-powered car in 1886, is accelerating plans to shift the carmaker beyond combustion-engine vehicles, a step which will result in job losses.
"The next five years we will become a smaller company," Kaellenius told a Reuters Events broadcast on Thursday. "We will have a fundamental change in the industrial footprint on the powertrain side," he said.
Jobs will disappear because it takes less time to build an electric car than a conventional gasoline or diesel version.
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