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CARMAKERS NEWS * Germany / Brazil: Mercedes Benz
* Mercedes plans $230 million Brazil car plant to match BMW
Stuttgart,Baden-Württember,Germany -Bloomberg, by Dorothee Tschampa - Oct 1, 2013: -- Mercedes-Benz, the world’s third-biggest maker of luxury cars, will spend about 170 million euros ($230 million) on a new auto plant in Brazil amid expansions by larger competitors Bayerische Motoren Werke AG (BMW) and Audi AG... The Mercedes factory will be built in Iracemapolis, about 170 kilometers (105 miles) northwest of Brazil’s financial hub of Sao Paulo and be completed in 2016, the division of Daimler AG said in a statement today. It will assemble the next versions of the C-Class sedan and GLA compact sport-utility vehicle... Mercedes and Volkswagen AG’s Audi are restoring car production in Brazil, and BMW is starting assembly there, as the three German manufacturers seek to bypass high import taxes limiting delivery growth...
Labels: carmakers news worldwide
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