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Mercedes-Benz halts investments in Germany and weighs plant closures

FinanceInternationalDW.comAI summary
Image: DW.com

Mercedes-Benz announced it will suspend all investments in its German plants and is studying plant closures amid stalled negotiations with unions over cost cuts. The company attributes the drop in its profits to collapsing sales in the Chinese market. Board member Michael Schiebe warned that if the cost structure is not changed, upcoming models will be built exclusively abroad.

In 35 seconds

  • Mercedes-Benz is halting all new investment in its German plants until a cost-reduction agreement is reached.
  • Board member Michael Schiebe said the company is studying which German plants to close if its cost structure does not change.
  • The company attributes the profit decline to collapsing sales in the Chinese market.
Read the full story at DW.com

IASummary generated by artificial intelligence from a story by DW.com. It may contain errors: the original source prevails.

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