Home from home: Mercedes-Benz doubles down on China

Published by
Reuters

By Norihiko Shirouzu BEIJING/SHANGHAI (Reuters) – Mercedes-Benz, the German company founded by the inventors of the motor car, is pouring more resources into its cutting-edge research and design capabilities in China as the centre of gravity of the new auto world shifts eastwards. In a drive to create a “home away from home”, Mercedes-Benz is doubling down on bases in Beijing and Shanghai to stay ahead of regulations and consumer trends in a car market that outstrips the United States and Germany combined. Three years after initially announcing plans to strengthen its research and development …

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