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Mercedes-Benz Reduces Production Amid Challenges of Transitioning to Electric Vehicles
News of the World

Mercedes-Benz Reduces Production Amid Challenges of Transitioning to Electric Vehicles

Mercedes-Benz is cutting production at its Sindelfingen plant to one shift and placing 21,500 employees on a three-week leave. The company faces low demand for electric vehicles due to their high cost and increasing competition. As part of its cost-saving strategy, Mercedes aims to reduce expenses by €5 billion by 2027 and is revising supplier contracts.

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