Daimler to boost China production, close some Europe branches - report

Monday, 07. June 2021 10:23

Daimler AG is expected to increase production at its two plants in Beijing by introducing additional shifts and working days, media reported on Monday. The move would boost the manufacturing capacity for Mercedes-Benz cars by 45%.

Meanwhile, the company plans to sell a number of its branches in the United Kingdom, Spain and Belgium, according to the Handelsblatt. Corporate sources stated the move would cut costs, as selling some of its 25 retail outlets could save the automaker around €30 million to €40 million per branch.

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