Mercedes-Benz to shift production of one model to Hungary, CFO says
ReutersFeb 20, 2025 9:55 AM
Feb 20 (Reuters) - Mercedes-Benz MBGn.DE will not shut down plants in Germany but plans to shift production of one of its models from its home market to its plant in Hungary, where costs are 70% lower, the CFO said on Thursday.
It will also outsource areas from finance and human resources to procurement, he added.
To shield itself from tariffs and trade tensions, the carmaker will increase the amount of cars produced within the market in which they will be sold from 60% to 70% globally, with a particular focus on China and the United States.
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