Mercedes halts investments in Germany, says may shut down factories | DW News
Mercedes-Benz is halting all investments in its German plants and threatening to shutter production sites in its home country. The carmaker, along with other German manufacturers Volkswagen, BMW and Porsche, is trying to cut back on high German production costs amid steep competition and lower demand from China. Automotive industry analyst Ferdinand Dudenhöffer, known in German media as the “car pope,” warns that the country’s car industry faces “the biggest crisis since its inception.” He told DW’s David Levitz that German carmakers will not be able to keep manufacturing plants at home under current conditions and may have to work more closely with Chinese companies to survive, if German politicians allow it.
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