Markus Schäfer, a member of the Board of Management of Mercedes-Benz AG, has been awarded in recognition of his contributions to Hungary, Foreign Minister Péter Szijjártó announced in Budapest on...
Mercedes’ plant in Kecskemét, in central Hungary, is its second largest in Europe, employing close to 5,000 people.
The milestone was reached as a fully-electric EQB model rolled off the production line.
A 400 billion forint (EUR 1bn) investment will double the plant’s capacity.
Minister Szijjártó said Hungary was proud to be considered a key base by Mercedes, calling the country and the manufacturer’s 14-year partnership a “success story for both sides”.
Mercedes will invest HUF 50 billion to add electric vehicles to their production line here in Hungary.
18 May 2017, Budapest
Minister Szijjártó said that Hungary would place more emphasis on technology-intensive investment projects that produce more value added, promoting a shift from “Made in Hungary” to “Invented in Hungary"