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Mercedes to halt German investments, mulling plant closures
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Source: Insider Paper
Struggling German carmaker Mercedes-Benz announced Thursday it will halt all investment in Germany and is mulling plant closures, underlining the woes facing the country’s automotive sector. Like its German peers, Mercedes has been battered by Chinese competition and high costs, and last month became the third big German carmaker to cut its outlook for the […]
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Read the original at Insider Paper
