Mercedes opens new car, SUV factory in Russia
Germany’s Daimler AG has opened a new Mercedes factory in Russia, part of a $281 million investment it says will create 1,000 jobs.
CEO Dieter Zetsche said Wednesday the Moscow-area plant will produce Mercedes sedans and SUVs for the local market, and is part of a strategy to move production closer to customers.
Germany’s government stressed the visit didn’t signal a return to business as usual.
Chancellor Angela Merkel’s spokesman, Steffen Seibert, said Germany’s position on sanctions imposed over Russia’s actions in Ukraine hasn’t changed.