Mercedes-Benz confirms scheduled investment of $436 mm in Brazil until 2022

Mercedes-Benz confirmed on Wednesday scheduled investment of R$2.4 billion ($436 mm) in Brazil until 2022, said the president for Latin America of the German truck and bus maker, Karl Deppen. In a presentation to journalists, the executive said that Brazil in 2020 was the largest Mercedes-Benz truck market in the world, with a 20% share in the group’s sales.

Source: Money Times