Mercedes-Benz halts new investment in German plants, considers closures
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Mercedes-Benz has paused new investment at its German plants and is considering possible closures, increasing pressure on employees and labor representatives. The move comes amid broader cost-cutting programs at Volkswagen and Audi.
The Stuttgart carmaker is temporarily halting all further investment at its German sites. Possible plant closures are looming, increasing pressure on staff, works council and IG Metall. Volkswagen and Audi have also announced major savings programmes.
World Markets Deals Real Estate Mercedes-Benz German factories investment pause plant closures automotive industry cost cutting