Daimler cuts output of luxury Mercedes S-Class car
Agencies : Frankfurt, Wed Oct 17 2012, 21:57 hrs
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Daimler has cut production shifts from two to one for its luxury Mercedes S-Class saloon car at Sindelfingen, Germany, until the next version of its flagship model is ready to debut in the summer of 2013, due to lower demand.
Workers manufacturing the S-Class will be reassigned to the C-Class assembly line during this period, the company said on Wednesday, in a sign of the malaise in Europe's car market starting to spread to premium brands.
Roughly 8,000 fewer S-Class cars will be built in the fourth quarter as a result of the agreement with labour. Last year Mercedes sold roughly 69,000 S-Class cars, generally regarded as its most profitable model and a favourite particularly of wealthy Chinese car buyers.
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