Benz halts all investment in Germany and shuts factories, wow..jpg (Ppomppu, opens in a new window)
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Reports say Mercedes has announced it is considering halting all investment in Germany and shutting down its factories there. Because labor costs in Germany are up to five times higher than in Eastern Europe, it says all future models will be produced abroad. On Ppomppu (opens in a new window), many worried whether the Korean auto industry might follow the same path, and debate continued over when the labor cost comparison data was from.
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