Mercedes to Spend BRL1.5bn in Brazil

Mercedes Benz do Brasil has announced a BRL1.5bn investment over the next three years to revamp its truck, bus and parts production operation in its Sao Bernardo do Campo plant. Daily production of the plant is expected to increase by 25% after the investment. With the investment, the company seeks to meet increasing demand for its products in the local and external market and to make more flexible its production operation in the face of market fluctuations, it adds.