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Mercedes-Benz Pulls the Plug on New Investment Across Germany

Verified: 9 outlets in 6 countries have reported this story since Nov 12, 1 of them from Germany.

📍 Germany, DE·🕐 1h ago·9 outlets

Mercedes-Benz has decided to suspend all additional investment at its German facilities for the time being and is considering possible plant closures, according to a company memo seen by AFP. “The executive board has jointly decided to halt all further investments in German sites,” Mercedes board member Michael Schiebe said in the memo circulated on the company's intranet. The announcement comes as the luxury carmaker faces mounting pressure from its works council and the IG Metall trade union. ...

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✓ Verified · 9 outlets

Two or more outlets reported this story and its reliability score reached 65%, so WorldPulse marks it verified. That means more than one outlet says so, not that it is proven true.

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This report links 3 of the story's 9 outlets
Novinite· National ↗irishtimes.com ↗bgnes.com ↗
The story so far · 9 reports · · 6 countries✓ Verified Nov 12, 6:51 PM UTC

1 outlet from Germany, where the story is: DW · how we count

  1. Nov 12, 5:04 PM UTCFirst report
    Mercedes-Benz halts all further investment at German facilitiesdw.com ↗
  2. Nov 12, 6:51 PM UTC+2 h
    Mercedes-Benz halts investment in Germany, warns of plant closuresgulfnews.com ↗
  3. Verified: a second independent outlet reported itNov 12, 6:51 PM UTC · +2 h
  4. Nov 12, 7:33 PM UTC+2 h
    Mercedes-Benz halts new investment in German plants, considers closureseuronews.com ↗
  5. Nov 12, 8:45 PM UTC+4 h
    Mercedes to halt German investments, considers plant closurespunchng.com ↗
  6. Nov 13, 2:14 AM UTC+9 h
    Mercedes to halt German investments, mulling plant closuresnst.com.my ↗
  7. Nov 13, 7:58 AM UTC+15 h
    Mercedes-Benz halts investment in Germany, weighs factory closuresbgnes.com ↗
  8. Nov 13, 12:42 PM UTC+20 h
    Mercedes-Benz to halt ‘all future investments’ in Germanyirishtimes.com ↗
  9. Nov 13, 1:28 PM UTC+20 h
    Mercedes halts further investment in Germanyfreemalaysiatoday.com ↗
  10. Nov 13, 10:20 PM UTC+29 h· you’re reading this
    Mercedes-Benz Pulls the Plug on New Investment Across Germanynovinite.com ↗
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Reliability
90%

Very high · How we score this

Risk Score
low risk