Mercedes-Benz to assemble cars in Egypt

  • News Digest

Jun 26, 2019-

FRANKFURT: German automaker Daimler AG says its Mercedes-Benz luxury brand plans to assemble cars in Egypt in cooperation with a local partner. Daimler said it signed a memorandum of understanding Monday with the Egyptian government. The company said local production would improve the company’s market position and contribute to stabilising the country’s economic environment. The Mercedes-Benz executive for production and supply chains, Joerg Burzer, said local assembly would mean the company could “structure our production network even more flexibly and efficiently and respond even better to the needs of our customers.” (AP)

Published: 26-06-2019 09:41

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