Mercedes to build new engine plant in China in 2013

Newswire

STUTTGART, Germany, May 28 (Reuters) - Daimler plans to invest 200 million euros ($245 million) in a new engine factory it wants to build in China starting in 2013, a spokesman for the company said on Friday. Earlier, Chief Executive Dieter Zetsche told investors in Beijing that his Mercedes-Benz Cars division plans to sell 300,000 vehicles in China by 2015, a fifth of its anticipated total volume of 1.5 million units. He also forecast his passenger car division would achieve a 10 ...

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