Mercedes-Benz Halts German Investments, Considers Plant Closures
Mercedes-Benz is halting all investments in Germany and considering plant closures, according to a memo to workers seen by Reuters. The company cited the high cost of car manufacturing in the country.
By Ilona WissenbachPremium automaker Mercedes-Benz XETR:MBG is halting all investments in Germany and considering plant closures to tackle the high cost of car manufacturing in the country, according to a memo to workers seen by Reuters on Thursday.Management took the decision because it cannot agr…