Pursuits
Mercedes Plans 170 Million-Euro Brazil Car Plant to Counter BMW
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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 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.