• Home
• New Car Buyer's Guide
• Buyer's Guides By Make
• Reviews
• Total Costs
• Auto Parts
• Video/Audio
• PennySaver Ads

Memorandum of Understanding Signed for Construction of Mercedes-Benz Plant in Hungary

STUTTGART/BUDAPEST - July 24, 2008: Representatives of Daimler AG, the Hungarian Government and the city of Kecskemét have signed a Memorandum of Understanding (“MoU“) forthe construction of a Mercedes-Benz plant in Kecskemét, Hungary. This MoU will lead to a final contract being signed in autumn 2008.

The Hungarian Government supports the investment of Daimler with an additional package of measures giving the project a clear prioritization. For example the required approval processes for the building of the new Mercedes-Benz plant will be considerably accelerated.

For the construction of the new plant for premium compact cars, which will have a close production network with the plant in Rastatt, Germany, the company is investing some € 800 million in total and creating up to 2,500 new jobs. From 2012 vehicles of the successor generation of the A- and B-Class will roll off the assembly line in Kecskemét.

The Memorandum of Understanding further includes agreements concerning the licensing procedure, acquisition of land as well as the development of the factory site of about 400 hectares. Additional planning includes a projected rail connection to the plant and the construction of an access road to the nearby feeder road of the M5, which is the North-South connection of the country as well as part of the European route 75 and leads through Kecskemét.