Mercedes-Benz and Hungarian government sign co-operation agreement

The proposed agreement includes an investment of E800 million and the creation of up to 2,500 jobs.

The plant will manufacture over 100,000 compact cars annually beginning in 2012.

Mercedes-Benz stated that it is building the plant in order to create additional production capacity in the compact car segment, where the model range will be expanded from two to four vehicles.

Rainer Schmuckle, COO of Mercedes-Benz Cars, said: By choosing this region, your country, the city of Kecskemet and the people there are becoming part of the history of Mercedes-Benz.

And we believe in the performance of the location and the employees. Because, no matter where a Mercedes comes from, it must always meet the highest quality standards.