To benefit from growing demand for compact cars in the country, Daimler AG plans to build a new Mercedes factory in Brazil, the company’s CEO Dieter Zetsche told a German newspaper.
Zetsche, in an interview with Stuttgarter Zeitung said the company would choose this year between two or three locations it had shortlisted for the plant in Brazil. According to Zetsche, it would not have been profitable to export compact cars to Brazil.
“With the new compact class we have cars that are attractive and can be produced at low costs, making them a good fit for this market,” Zetsche said. “It was simply a question of either producing in Brazil or not to be present there at all in this segment. Our decision is: We want to take part.”
Source: Reuters via Automotive News
