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Mercedes-Benz cars in Russia began
German automaker Daimler for Mercedes-Benz opens a factory near Moscow that the new investment, a western automakers in Russia since the sanctions will be in three years.
The 1616, the Daimler factory in Russia's first plant for passenger cars will be produced. The German automaker has announced more than 250 million euros (260 million dollars) investment in the plant, and the first vehicles to be produced at the plant in 2019 are excluded from the assembly line.
Following the positive signs of revival of investment Daimler Russian car market takes place, of course, Ford is the first major foreign automakers that saw sales growth of the Russian market after three years of weakness.
Trade and Industry Ministry said in a statement that Russia under an agreement that runs for 9 years, Daimler plant more than 20 million Mercedes-Benz passenger car and SUV will be produced each year.
Daylmr one of the officials said in a statement that Russia is of strategic importance for Mercedes-Benz and an attractive growth market.
However, in 2014, when Russia's dispute with Ukraine under international sanctions and the economy fell into a recession, new projects stopped.
Sanctions are not hindering investment in the automotive sector but disappointed investors followed and because of the sanctions, faced with the complexity of financial transactions.
GM two years ago from Russia exited. Total car sales fell by more than half compared to 2012 and reached about three million units per year. According to the European Business Association, last year Mercedes sold 36 thousand and 888 sedans was down 11% year on year.
Based on forecasts of the European Business Association, this year the Russian car market will stabilize and grow at a rate of four percent.
Daimler has previously collaborated with the Russian company Kamaz, in central Russia truck production, but so far has not had any production passenger cars in the country.
According to Reuters, Russia's deputy minister of trade and industry decision global automakers Daimler to build new factory as a sign of confidence in the Russian market, regardless of short-term conditions, he said.
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