BEIJING: At the start of 2015, Mercedes-Benz, in a joint venture with China’s Beijing Benz Automotive Co (BBAC), would launch production of GLA in the country.
Additional Mercedes-Benz compact cars will be built in the Asian nation with just over $5 billion investment into the Chinese production facility by 2015. A further $1.27 billion will be used to kick start production of further compact cars from Mercedes-Benz.
Daimler CEO Dr. Dieter Zetsche said, “This strategic investment in the localization of compact cars will give us better access to the huge growth potential that this segment offers in the mid-term, and so pave the way for Mercedes-Benz’s sustainable growth.”
