Umicore draws capex flak
The European battery metals processor remains under fire despite reining in spending
The German OEM unwilling to go down the same route as peer VW
Volkswagen Group may have announced a new partnership in China and also the deepening of another, but competitor Mercedes-Benz is uninterested in committing any further to an ‘in China for China’ strategy. Instead, it believes that its Chinese customers will see value in a Mercedes built by Mercedes.
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