Mercedes halts German investments and weighs closures
Mercedes-Benz has suspended investments across its German factories and is exploring potential site closures. The move reflects deep cost pressures facing the country's broader automotive sector amid ongoing labor negotiations.
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MERCEDES-BENZ GROUP AG halted all investments in Germany and began exploring plant closures on Thursday afternoon, citing high manufacturing costs. The decision deepens the crisis in the European auto sector following restructuring announcements by rival automakers. The move threatens jobs in Europe's largest industrial market as international competition intensifies.
