Are you sure?

Mercedes project unaffected by financial crisis

The global financial crisis will not affect German carmaker Daimler-Benz's plans to build a €800-million plant in the Hungarian city of Kecskemét, business daily Napi Gazdaság said on Tuesday, citing a report by television broadcaster RTL.

Nothing has changed with Mercedes' planned investment in Kecskemét, Daimler-Benz spokesman Florian Martens told RTL. Not a word has been said about the economic crisis affecting the planned production base in Hungary, he added.

Daimler-Benz announced in June it chose Hungary for the site of the plant. It is expected to start producing next-generation Mercedes A- and B-Class compact models in 2012.

Many big European carmakers have announced cutbacks in production recently, because of falling demand. (MTI – Econews)