1/18/2011

Mercedes-Benz to invest EUR 35 million in Istanbul plant

Milliyet – After a year of record sales, Mercedes-Benz has stated its intention to continue investing in its production plant in Istanbul. Germany’s world famous automotive company sold nearly 30 thousand passenger and commercial vehicles in 2010, a record level in its 44 years in Turkey.
Mercedes-Benz produces trucks and buses in its Istanbul plant under the name of Mercedes-Benz Türk, with the vehicles being sold to domestic and export markets.
The company produced 2,466 buses and 12,018 trucks in 2010, according to Mercedes-Benz Türk’s Directors’ Council Chairman Wolf-Dieter Kurz, and exported 1,792 buses and 1,679 trucks. Speaking of market recovery and growth, Kurz said that 12-13 percent of growth was expected from the new year, with hopes of annual vehicle sales reaching the 35,000 mark.
“Our investments in 2011 will amount to EUR 35 million” said Kurz, adding that they would focus on increasing exports of buses produced in Turkey.
turkey; automotive industry; mercedes; mercedes-benz türk; wolf-dieter kurz; hosdere; automotive production