Mercedes-Benz says German production not competitive; two plants at risk
Mercedes-Benz said its German production is not competitive by international standards, citing high labour costs, and warned that two plants could close.
Mercedes-Benz XETR:MBG said production in Germany is not competitive by international standards, especially because of high labour costs, the premium automaker said on Tuesday, after a top executive warned workers that two plants could close. The company said it wants to keep plants and jobs in Germany.