Mercedes-Benz admits closure of units in Germany if costs are not reduced

Mercedes-Benz is considering closing some facilities in Germany if it cannot reduce costs, according to a company administrator. Michael Schiebe, a board member, stated that the company must carefully evaluate which German units may need to be shut down if cost structures do not change. The automaker reported profits of €4.037 billion until September, a 4.1% decrease compared to the same period last year. The company has lowered its profit margin forecasts for 2026 due to challenges from China and rising material costs in the fourth quarter. Operational results are expected to align with 2025, falling short of initial expectations.