Daimler Investing $230 Million in New Mercedes Plant in Brazil

Newswire

* To assemble Mercedes C-Class, GLA models near Sao Paulo * To build up to 20,000 cars annually, starting in 2016 * To create 1,000 jobs locally, another 3,000 at suppliers (Adds further details, background) FRANKFURT, Oct 1 (Reuters) - Daimler plans to build a new manufacturing plant in Brazil, it said on Tuesday, becoming the third German premium carmaker to announce such plans within the past year. The Stuttgart-based company is to spend around 170 million euros ($230 million) ...

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