The cuts are part of a European cost-saving plan to shift production of Mercedes-Benz trucks out of Germany.

Daimler Truck Holding AG said it plans to double the size of its defense business by 2030 as it seeks to profit from higher military spending globally.

Daimler Truck said it expects to cut around 5,000 jobs in Germany over the next five years as it shifts production of Mercedes-Benz trucks to a more cost-effective country.

Witness the awe-inspiring transformation of a neglected semi-trailer truck into a fully restored Mercedes Benz powerhouse.