Reuters logo
Russia says Mercedes-Benz plant to open near Moscow
February 21, 2017 / 3:20 PM / 7 months ago

Russia says Mercedes-Benz plant to open near Moscow

Feb 21 (Reuters) - Russia’s government on Tuesday announced that German automaker Daimler will open a plant near Moscow with a capacity to produce more than 20,000 Mercedes-Benz passenger cars and SUVS per year.

The Russian Trade and Industry Ministry, in a statement, said that under the terms of the deal the automaker would invest not less than 15 billion roubles ($260.12 million), the contract duration was nine years, and the start of production was planned for 2019. ($1 = 57.6647 roubles) (Reporting by Gleb Stolyarov; Writing by Christian Lowe; Editing by Denis Pinchuk)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below