DaimlerChrysler AG’s plans to build Mercedes-Benz vehicles in Russia are on hold after the auto maker determines tax rules and customs requirements are cost-prohibitive. The auto maker remains in talks with the Russian government officials, but the German newspaper Die Welt quotes a DC official as saying: “The project is dead.” The auto maker had planned to invest €80 million ($95.3 million) in a greenfield car production site near St. Petersburg. Plans called for the plant to have ...
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