HELSINKI, March 22 Finland's Valmet Automotive
said on Wednesday it had signed a new contract to build future
Mercedes-Benz compact cars for Daimler AG.
The company said it would hire about 1,000 staff to help
with its existing contract under which it manufactures
Mercedes-Benz passenger cars and SUVs. The plant currently has
The facility is one of the bright spots in the Finnish
economy which is slowly recovering from a decade of stagnation.
In January, Chinese battery maker Contemporary Amperex
Technology Ltd bought a 22 percent stake in Valmet Automotive.
(Reporting by Tuomas Forsell, editing by Jussi Rosendahl and