Mercedes-Benz Investing US$170 Million In Argentina By 2015

Patrick Archer buenos aires events, competitiveness, foreign investment, real estate

Mercedes-Benz will invest US$170 million in Argentina over the next two years, an important development for the Latin country where the German automaker first started manufacturing over six decades ago.

The announcement was made at Mercedes-Benz Headquarters in Stuttgart where the company shared plans to build several new models including a mid-size commercial van called the Vito. The Vito will make its world debut in September at the upcoming Inernationale Automobil-Ausstellung in Hannover.

Currently Mercedes-Benz manufactures the Sprinter van and the Atron truck line at the Juan Manuel Fangio plant in Virrey del Pino south of Buenos Aires. The addition of new Atron models and the Vito will double the plant’s annual production from 1,300 to 2,600. Going forward, 50% of Mercedes-Benz trucks sold in Argentina will be built domestically.

Mercedes-Benz has been investing and manufacturing vehicles in Argentina since 1950. In fact, according to Daimler, Argentina was the first country in the world where the company built a plant outside of Germany. (Full Story in Spanish)

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