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Mercedes Sells French Car Plant to Billionaire Ratcliffe’s Ineos

  • Daimler has built subcompact Smart models at site since 1997
  • Chemical manufacturer changes production plans for debut SUV
The Ineos Grenadier 

The Ineos Grenadier 

Source: Ineos

Jim Ratcliffe’s Ineos Group agreed to buy a French car plant from Daimler AG, helping the Mercedes-Benz maker improve the efficiency of its manufacturing network and giving the chemical giant a factory for its debut SUV.

The Hambach plant will continue production of an electric two-seat minicar for Daimler’s Smart brand, the manufacturer said in a statement Tuesday. Ineos plans to begin building its Land Rover-like Grenadier there late next year.