Plummeting demand cuts S-Class, EQS production

AutoExec Summary
Mercedes-Benz is reducing production at its Factory 56 plant in Germany due to plummeting demand for the S-Class and EQS models. The production of S-Class models will be reduced to a single shift, affecting almost 1500 employees. This move follows a similar reduction in production last year and is set to begin in the fourth quarter of 2024. The plant’s capacity has been underutilised for months, and staff will be reallocated to other production areas. This news comes as Audi also considers ending production of its Q8 e-tron due to slow sales. The automotive industry is facing challenges as demand for electric vehicles and luxury models decreases.

Brands mentioned: Mercedes-Benz, Audi, Volkswagen, Porsche, Volvo, General Motors