Your browser does not support JavaScript!

Author: Tronserve admin

Thursday 5th August 2021 01:13 PM

Daimler Opens New Mercedes-Benz Factory Near Moscow


image cap
147 Views

The automotive giant, Daimler, has revealed a new Mercedes-Benz factory near Moscow following a ceremony attended by President Vladimir Putin on Wednesday (3 April), according to Reuters.

 

In a move which symbolizes a rare foreign investment into Russia’s car sector, the plant is the first to be exposed by a foreign car maker in Russia as investment in the automotive industry dries up following western sanctions and a struggling economy.

 

At the inaugural ceremony, Putin disclosed that the plant is set to produce around 25,000 cars annually, with the investment in the project worth over $291mn. It is anticipated that the factory will employ nearly 1,000 people following Daimler’s deal with Russia’s authorities at the beginning of 2017. The automotive market has started to rise again and it was recorded that around 1.8mn cars were sold last year.



This article is originally posted on Manufacturingglobal.com


Share this post:


This is the old design: Please remove this section after work on the functionalities for new design

Posted on : Thursday 5th August 2021 01:13 PM

Daimler Opens New Mercedes-Benz Factory Near Moscow


none
Posted by  Tronserve admin
image cap

The automotive giant, Daimler, has revealed a new Mercedes-Benz factory near Moscow following a ceremony attended by President Vladimir Putin on Wednesday (3 April), according to Reuters.

 

In a move which symbolizes a rare foreign investment into Russia’s car sector, the plant is the first to be exposed by a foreign car maker in Russia as investment in the automotive industry dries up following western sanctions and a struggling economy.

 

At the inaugural ceremony, Putin disclosed that the plant is set to produce around 25,000 cars annually, with the investment in the project worth over $291mn. It is anticipated that the factory will employ nearly 1,000 people following Daimler’s deal with Russia’s authorities at the beginning of 2017. The automotive market has started to rise again and it was recorded that around 1.8mn cars were sold last year.



This article is originally posted on Manufacturingglobal.com

Tags:
new mercedesbenz moscow