Daimler to invest $290 million at its Mercedes-Benz plant in South Africa
By Andrew, 08 Dec, 2010. 0 Comments
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Intending to expand production, Daimler AG will invest an extra ZAR2 billion ($290 million) at a Mercedes-Benz plant in East London, South Africa. Daimler recently said in a statement that such an investment will prepare the East London factory for production of the next-generation Mercedes-Benz C class starting in 2014. The plant, along with facilities in China, United States and Germany, will build the new C class, the company's most popular passenger model.
In a statement, Mercedes production and purchasing chief Wolfgang Bernhard, says that the plant has provided the company with a business and production plan that is competitive globally.
The world's second-largest maker of luxury vehicles, Daimler has invested more than ZAR5 billion in South Africa over the past 10 years and the East London plant recently exported its 100,000th C-class model, according to the statement. The South African facility will make left- and right-hand drive C-class models for export to the rest of Africa and the Asia-Pacific region. [via autonews - sub. required]
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