Mercedes Benz Ends Luxury Car Prodution In Brazil, Shutting Down Small Plant

Reuters
By Reuters
December 17Businessshare
Mercedes Benz Ends Luxury Car Prodution In Brazil, Shutting Down Small Plant
A Mercedes-Benz employee is working on a fuel cap cover for an S-Class at the "Factory 56" plant in Sindelfingen, Germany, on Sept. 2, 2020. (Silas Stein/dpa via AP)

SAO PAULO—Mercedes Benz said on Thursday that it would wind down car production in Brazil, shutting down its small factory dedicated to producing luxury vehicles in the city of Iraccemapolis, costing some 370 jobs.

The company said in a statement that the pandemic had caused a drop in demand for luxury vehicles that made it unsustainable to keep the factory open.

By Marcelo Rochabrun

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