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Mercedes Opens New Manufacturing Plant In The Land Of Putin
German automajor Daimler will manufacture Mercedes cars in Russia's new manufacturing facility and the first cars will roll out by 2019.
German automotive giant Daimler will open its first manufacturing plant in Russia in the first new investment by a major Western auto manufacturer since sanctions were imposed on the country three years ago.
Diamler will invest more than 250 million euros ($260 million) in the 20,000-unit capacity manufacturing facility to build SUVs and the E-class sedan. The new plant will be company's first factory to produce passenger vehicles in Russia.
The new production facility will be located about 40 km north-west of Moscow, with the first cars due to roll out of the assembly line in 2019.
In a statement, Mercedes' production chief, Markus Schaefer said, "Russia is of strategic importance for Mercedes-Benz and an attractive growth market."
Schaefer added, "By establishing a local production we not only achieve greater proximity to our Russian customers but also strengthen the international competitiveness of Mercedes-Benz Cars."
Daimler stated that the new plant would be a full assembly plant with a paint shop to the assembly line. More than 1,000 jobs will be created at the site and further jobs at local service providers and suppliers.
Despite the economic downturn, Russia remains one of Mercedes' strongest European markets. Mercedes was the top-selling premium brand in Russia in 2016 for the fourth year in a row with vehicle sales of 36,888 units.
Mercedes-Benz will launch the 2017 iteration of the E-Class sedan with longer wheelbase. Check out the extensive photos of the new luxury sedan by clicking the gallery below.
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