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Mercedes-Benz Pulls the Plug on New Investment Across Germany
Mercedes-Benz has decided to suspend all additional investment at its German facilities for the time being and is considering possible plant closures, according to a company memo seen by AFP.
“The executive board has jointly decided to halt all further investments in German sites,” Mercedes board member Michael Schiebe said in the memo circulated on the company's intranet.
The announcement comes as the luxury carmaker faces mounting pressure from its works council and the IG Metall trade union.
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