Economics
Mercedes Expands Romania Transmission Plant to Meet Car Demand
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Daimler AG, the maker of Mercedes-Benz vehicles, started an expansion project at its transmission plant in Sebes, Romania, as the manufacturer ramps up its component supply to meet rising demand for luxury cars.
Daimler is spending more than 300 million euros ($411 million) to add production of a new nine-speed automatic transmission in 2016, the Stuttgart, Germany-based company said today in a statement.