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Mercedes to wheel out 2 new car models
Last Updated(Beijing Time):2008-06-19 14:02

German carmaker Daimler AG said yesterday its Mercedes-Benz car unit would build a new car plant in Kecskemet, Hungary, and make further investments in its Rastatt plant in Germany.

The company also said it wants to add two compact car models to its lineup.

The Stuttgart-based company said in a statement it would invest 800 million euros (US$1.24 billion) to build the Kecskemet plant near Budapest, and would sign a memorandum of understanding with government officials there in the coming weeks. The new factory will "boost competitiveness, and access new markets," as well as create up to 2,500 new jobs, Daimler said.

The company said it would also invest 600 million euros in its Rastatt car plant in southwest Germany to improve production there for the long-term.

Daimler also wants to add two models to its compact car lineup, bringing the number of compact vehicles to four.

"Mercedes-Benz is going to offer an even wider range of exciting premium cars with the high levels of comfort, safety and overall quality that are characteristic of the brand in the particularly fuel-efficient compact-car segment," said Dieter Zetsche, the company's chief executive.

"Moreover, our expanded product range will allow us to tap into new customer groups and open up new market regions," Zetsche said. The successor compact generation will include generous interior space and elevated seating positions, but the statement provided no further details.

Source:Shanghai Daily 
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