Mercedes factory expansion suspended

Budapest Business Journal | May 15, 2019 at 11:15 AM
  • Due to problems facing the German automotive industry, several large manufacturers are rethinking their plans, with temporary changes meaning that Mercedesʼ factory expansion in Kecskemét will also be postponed, news site reports, citing information from Daimler HQ in Stuttgart, Germany.
  • The postponement is more of a precautionary measure than a sign of some serious trouble, the news portal notes.
  • Ola Källenius is scheduled to replace Dieter Zetsche as chairman of the board of management of Mercedes-Benz AG and chairman of the board of management of Daimler AG after the companyʼs May 22 annual meeting.