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Mercedes eyes off major China expansion

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One of the world’s most luxurious car makers is pouring more resources into it’s Chinese operations

German carmaker Mercedes-Benz is set to put more resources into its cutting-edge tech and research in China, as the country embraces the expansion of electric cars.

In a major effort to create a “home away from home”, Mercedes-Benz says it will be doubling down on bases in Beijing and Shanghai to stay ahead of regulations and consumer trends in a car market that right now outstrips the U.S and Germany, combined.

Three years after initially announcing plans to strengthen its research and development within the communist country, Mercedes is on-track to unveil its new Tech Center China in Beijing later this month.

Mercedes Benz to expand in China/ Image: Mercedes-Benz

The new tech centre:

The centre will host 1,000 engineers and is more than three times the size of the one Mercedes-Benz opened in 2014.

The new centre will also be the first outside Germany that can test “everything”.

Mercedes-Benz has also invested significantly in upgrading its Chinese design studio and has moved the whole team from Beijing to Shanghai, a megalopolis of about 25 million people known as the car design capital of China.

China’s car market continues to grow, particularly within the electric car sector, with sales up 12 percent last year despite COVID-19.

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Money

Will Australia’s foreign investment rule create an economic boost?

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Australian Treasurer Dr. Jim Chalmers announced an overall of foreign investment rules ahead of the budget.

Australia is set to announce a significant decline in its projected gross debt, signalling a more optimistic outlook for the country’s fiscal health.

The Airport Economist, Professor Tim Harcourt at UTS joins to discuss.

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Money

Research key to investment success

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What is the importance of research in the investing and super landscape in Australia?

Wyld Money dives into the world of financial freedom. Whether you’re a seasoned investor or just getting started, join us for actionable tips and tricks to unlock your earning potential, and retire on your own terms.

In this episode, Mark is joined by Peter Green, Director of Research at Lonsec Research. #wyld money

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Money

Why “stagflation” will be the greatest financial threat of 2024

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With inflation soaring and economic growth tapering off, concerns about stagflation are on the rise

Stagflation, a situation characterised by high inflation coupled with stagnant economic growth, presents a unique challenge that many are ill-prepared to face.

Mark Wyld from MW Wealth joins to unpack what defines “stagflation”. #featured

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