Volkswagen Reviews German Plant Investments as Mercedes Warns on Costs

Cointime update: Volkswagen is reassessing investment plans at its German factories and has cancelled a major advanced manufacturing project at its Wolfsburg headquarters, citing worsening profitability. Separately, Mercedes-Benz CEO Ola Källenius said talks with German workers over longer hours without higher pay must produce results, warning that without a significant competitiveness improvement Germany will see “markedly less industrial activity” in a decade.