Mercedes-Benz Suspends Investment in Germany, Considers Closing Some Factories
By: wallstreetcn.com|11/12/2026 19:18:49
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Prefer us on GoogleMercedes-Benz has suspended all investments at its factories in Germany and is considering closing some facilities in response to high automotive manufacturing costs. Internal communications shared within the company indicate that Mercedes was unable to reach an agreement with the works council and union representatives regarding labor cost reductions. Production director Jörg Schmitt stated that management has decided to halt all further investments at all German sites. This decision marks the latest escalation in the crisis facing the German automotive industry, which has already forced Volkswagen to initiate the largest restructuring in its history and threatens tens of thousands of jobs.
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