Mercedes-Benz Worldwide

Menu
  • News
  • A-Class
  • B-Class
  • C-Class
  • E-Class
  • S-Class
  • G-Class
  • V-Class
  • X-Class
  • T-Class
  • CLA
  • CLS
  • GLA
  • GLB
  • GLC
  • GLE
  • GLS
  • SL
  • SLC
  • Citan
  • Sprinter
  • AMG GT
  • Maybach
  • EQ
  • Unimog
  • F1
  • Concept Car

Mercedes-Benz C-Class Production In The U.S. Coming To An End

Mercedes-Benz | Mercedes-AMG 19/07/2020

Mercedes-Benz | Mercedes-AMG
Click to rate this post
[Total: 1 Average: 5]

Mercedes-Benz has just launched the new AMG GT Black Series this week, fortifying the marque’s hold in the high-powered coupe segment. While all of that is happening, Mercedes’ parent company, Daimler, is facing a financial woe. It’s reported that the German company has suffered a second-quarter operating loss of 1.68 billion euros ($1.91 billion) because of the dreaded coronavirus pandemic.
 

This prompted the firm to cut down on its production output, and we all know which segment is going to be affected. With SUVs emerging as primary cash cows for Stuttgart, the production of Mercedes sedans is facing a halt – at least for North America.
 
According to a report by Reuters, Mercedes is looking to stop the production of the C-Class sedan Tuscaloosa, Alabama. In addition, the automaker will also quit making the A-Class in Aguascalientes, Mexico. Both plants will continue to make more profitable SUVs.
 
“Our systematic efforts to lower the breakeven of the company by reducing costs and adjusting capacity will need to continue,” Mercedes-Benz CEO Ola Kaellenius said in a statement in the Reuters report.
 
The low demand for cars during the pandemic isn’t the only adversity that Daimler faced. It spent 129 million euros ($147 million) on buyouts and early retirement, as well as 687 million euros ($785 million) in restructuring its global production of Mercedes vehicles.
 
Moreover, Daimler is also looking into saving 2 billion euros annually through staff cuts, which is equivalent to 20,000 jobs, according to Handelsblatt, a German newspaper. The company also considers selling its plant in Iracemapolis, Brazil, while an extension of the Kekskemet, Hungary plant will more likely to hit a roadblock.


Share this ↓

Related posts :

  1. 2021 Mercedes-Benz S-Class will significantly increase Daimler’s profit
  2. Mercedes-Benz will focus on high-end cars in an effort to boost profit
  3. Mercedes-Benz retain its title as the world’s top-selling premium automaker last year
  4. Mercedes-Benz Lost a Patent to Japan’s Sharp
  5. Daimler reportedly laying off 15,000 workers But Getting Up To $1,200 Bonus
  6. Mercedes loses ruling in German patent dispute with Nokia
  7. Mercedes-Benz EQC is the 9 million cars of the Mercedes factory in Bremen
  8. First Teaser Mercedes-Benz S-Class 2020 By Daimler AG
  9. Mercedes-Benz X-Class Production To End!
  10. Mercedes-Benz CLE-Class Coming In 2023
  11. Mercedes-Benz S-Class Coupe And Convertible Production To End In This Year
  12. Mercedes-Benz G-Class Electric coming in a few years
Prev Article
Next Article

Google Translate

Search

Recent Posts

  • Mercedes-Benz EQE V295 On Snowy Road
  • Mercedes-AMG A 45 S Becomes The More Powerful Brabus B45
  • The New Mercedes-Benz C-Class W206 On Snowy Road
  • 2021 Mercedes-AMG E 63 S Wagon Review
  • Mercedes-Benz Vehicles Aren’t Made To Fly
  • 2021 Mercedes-Benz E 450 4Matic Review Test Drive
  • 2021 Mercedes-AMG GT Models Will Be Updated This Year
  • Mercedes-Benz EQ Will Have Its Own AMG Version
  • Jurgen Hubbert (Mr. Mercedes) Has Died At The Age Of 81
  • Mercedes-Benz Unimog Does Not Stop Once The Winter Is Over
  • Mercedes-Benz CLK DTM AMG Cabriolet Has Lived A Royal Life
  • Mercedes-AMG GLA 35, GLB 35 Gets A Panamericana Grille On A New Model

Categories

  • A-Class
  • AMG GT
  • B-Class
  • C-Class
  • Citan
  • CLA
  • CLS
  • Concept Car
  • E-Class
  • EQ
  • F1
  • G-Class
  • GLA
  • GLB
  • GLC
  • GLE
  • GLS
  • Maybach
  • News
  • S-Class
  • SL
  • SLC
  • Sprinter
  • T-Class
  • Unimog
  • V-Class
  • X-Class

Mercedes-Benz Worldwide

Copyright © 2021 Mercedes-Benz Worldwide