Mercedes has suspended spending at its German factories after failing to reach a labor cost agreement with workers, according to reports. The company is now weighing potential plant closures as part of the fallout from the breakdown in negotiations. The move deepens an already growing crisis across Germany's auto industry, raising questions about the future of manufacturing in the country.
Mercedes has suspended spending at its German factories and is weighing closures after failing to reach a labor cost deal, deepening the country's auto industry crisis.