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Daimler Begins Construction on Assembly Plant in Russia
Daimler AG says it expects to begin assembling Mercedes-Benz cars in 2019 at the €250 million ($278 million) factory it is building 60 km outside Moscow.
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Daimler AG says it expects to begin assembling Mercedes-Benz cars in 2019 at the €250 million ($278 million) factory it is building 60 km outside Moscow.
The company began studying the idea of local production in 2014, two years into a market slump that showed the first sign of revival only three months ago. The facility has capacity to make more than 20,000 vehicles per year.
Daimler says the plant, located in Esipovo, will first make the Mercedes E-Class midsize sedan. That model will be followed by the small GLC, midsize GLE and large GLS crossover vehicles.
Last year, sales of Mercedes passenger cars in Russia fell 11% to 36,900 units, according to the Moscow-based Assn. of European Businesses. The brand’s sales through the first five months of 2017 declined 12% to 11,400 cars. But the company predicts a rebound in the second half of the year.
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