Reuters logo
Daimler to invest 1 bln eur to build second Hungary plant
July 29, 2016 / 8:16 AM / a year ago

Daimler to invest 1 bln eur to build second Hungary plant

FRANKFURT, July 29 (Reuters) - Daimler AG will invest 1 billion euros ($1.1 billion) in a second plant in Kecskemét, Hungary, in the coming years, which will make front and rear-wheel drive cars, the company said on Friday.

“We will establish a state-of-the-art and efficient production facility, in which different vehicle architectures will roll off the assembly line flexibly,” Markus Schaefer, board member for production for Mercedes-Benz Cars, said in a statement.

The investment will create around 2,500 new jobs, Daimler said. The Mercedes-Benz plant in Kecskemét currently employs more than 4,000 people. Over 180,000 Mercedes-Benz compact vehicles were produced there in 2015.

$1 = 0.9020 euros Reporting by Edward Taylor

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below