Daimler refused state aid

Daimler refused state aid

March 24, 2020 0 By autotimesnews

The parent company Mercedes-Benz does not yet need government support from the German government.

On March 23, 2020, the German government announced that it would allocate 156 billion euros to deal with the economic consequences of an outbreak of coronavirus.

“There is currently no need for government assistance at Daimler. The automotive industry as a whole has registered very good orders before the outbreak of the coronavirus, ”says CEO Ola Kellenius on Monday.

Daimler’s factories in Europe are mostly closed. Production in the US state of Alabama, where successful Mercedes SUVs roll off the assembly line, will also be temporarily suspended soon. On the other hand, work is resuming in China.