Brazil Mercedes Benz by loans to increase yield
Mercedes Benz - Brazil branch recently announced that it will make use of Brazil's national economic and Social Development Bank 12 billion reals (about 6.7 billion) loan to enhance the company's productivity and development of new trucks and engines.
Mercedes-Benz Brazil branch published announcements, company CEO Juergen ・ Ziegler and Brazil's national economic and Social Development Bank President Luciano Coutinho ・ recently signed the loan agreement for the project.
The loan will be put into the company in Brazil Sao Paulo Sao Bernardo do Campo factory, the factory every year production trucks and cars total 6.5 million units. Whereas the financing of the project implementation, the factory of automobile production will reach 7.5 million units. At the same time, the loan will be used for new trucks and engines of research and development.
Sao Bernardo do Campo factory was built in 1956, is the Mercedes-Benz in Germany than the maximum car factory. The plant has to Brazil and the other 30 countries production million trucks and 50 million bus.
[Edit: meipeng]