Mercedes-Benz acknowledges that its German factories lack competitiveness and may close two plants if costs cannot be lowered

According to IT Home, Mercedes-Benz acknowledged that its German factories are not competitive by international standards and could close two plants if costs cannot be lowered. The remarks were made by a board member overseeing production, quality, and supply chain, at an employee meeting in Sindelfingen, with warnings that one car assembly plant and one powertrain plant could be closed if cost reductions are not achieved. IT Home notes that tens of thousands of automotive workers were protesting in Germany as the industry faces cost pressures from lower-cost rivals.