Mercedes-Benz halts all further investment at German facilities
FRANKFURT: Struggling German carmaker Mercedes-Benz announced Thursday it will halt all investment in Germany and is mulling plant closures, underlining the woes facing the country’s automotive sector. Like its German peers, Mercedes has been battered by Chinese competition and high costs, and last month became the third big German carmaker to cut its outlook for the year. Its management has been…
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Mercedes-Benz halts all further investment at German facilities (opens DW in a new tab)
The announcement comes as the luxury German automaker faces increasing pressure from the works council and trade unions.
Mercedes to halt German investments, mulling plant closures (opens Business Recorder in a new tab)
FRANKFURT: Struggling German carmaker Mercedes-Benz announced Thursday it will halt all investment in Germany and is mulling plant closures, underlining the woes facing the country’s automotive sector. Like its German peers, Mercedes has been battered by…
